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Reg deduction on FD u/s 80C

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 February 2011 Pls tell can we claim deduction u/s 80C for Bank FD and also If we take bank limit on that FD that Can we also claim deduction u/s 80C
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
17 February 2011 yes you can claim 80 C deduction on 5years bank FD.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
17 February 2011 Also.. do remember that any FD with 5 year validity is not eligible for section 80C.

There are certain guidelines which needs to be followed to get this deduction.

For more details :

https://www.caclubindia.com/articles/income-tax-saver-fixed-deposits-must-know-facts-6830.asp
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