RE : Fixed Deposit of Shedule Bank
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2010
Can we claim For Deduction U/S 80C of Fixed Deposit if yes which bank Fixed Deposit if eligible Shedule Bank or Nationalise Bank
Thanks & Regards,
Nilesh Jagtap
Thanks & Regards,
Nilesh Jagtap
02 December 2010
Deposits in scheduled bank is also eligible for deduction u/s 80C provided that such deposits should be made under the" Bank Term Deposit Scheme,2006". For details pl see CBDT Notification No. S.O.1220(E) dated July 28, 2006.
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