Sec 80C (2)
This query is : Resolved
03 March 2010
Investment in Fixed Deposit u/s 80C (2) is exempted.Such Investment must be Tax Saver and compulsorily marked as Tax Saver on the receipt of payment?
03 March 2010
Yes. It should be mentioned on the face of the FD that it is a tax saver FD and that the lock-in period is five years.
03 March 2010
FD should be taken under the Bank Term Deposit Scheme,2006.
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