Reccuring deposit - icici bank
This query is : Resolved
03 July 2012
Dear all,
I Have a reccuring deposit with ICICI bank or one year.
Does this investment come under Section 80C?
If not 80C , where this can be availed.
Please assist.
I Have a reccuring deposit with ICICI bank or one year.
Does this investment come under Section 80C?
If not 80C , where this can be availed.
Please assist.
03 July 2012
Investment in RD is NOT eligible for deduction at all, neither u/s 80C nor any other section.
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03 July 2012
Yes investment in post office RD is also not eligible for deduction.
Investment in five year time deposit in post office is eligible for deduction.
Investment in five year time deposit in post office is eligible for deduction.
Message likes :
1 times
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