Regarding 80C
This query is : Resolved
17 May 2011
Whether RD's Interest is eligible for Deduction u/s 80 or any other Section.........
17 May 2011
NO
RD interest is taxable income
RD interest is taxable income
17 May 2011
taxable under income from other sources
17 May 2011
RD INTEREST IS TAXABLE UNDER HEAD OF INCOME FROM OTHER SOURCES AND YOU CAN NOT CLAIM ANY DEDUCTION UNDER SEC 80C FOR THAT INTEREST.
ONLY IN THE CASE OF INTEREST ON NSC IS ELIGIBLE AS DEDUCTION UNDER SEC 80C
ONLY IN THE CASE OF INTEREST ON NSC IS ELIGIBLE AS DEDUCTION UNDER SEC 80C
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