Tax saver fixed deposits
This query is : Resolved
20 February 2014
sir,
whether Tax saver 5yrs fixed Deposits for which the Interest earned is exempt are taxable for assessee pls clarify, and if it is exempt means pls mention the Section also
whether Tax saver 5yrs fixed Deposits for which the Interest earned is exempt are taxable for assessee pls clarify, and if it is exempt means pls mention the Section also
20 February 2014
int part is taxable under income from other sources.
20 February 2014
sir,
can we claim this 5 yrs Tax saver deposits investments in 80C
can we claim this 5 yrs Tax saver deposits investments in 80C
20 February 2014
yes but must be as per sec 80C just check it out with the issuer bank but int is taxable.
20 February 2014
if the interest earned is taxable for 5 Yrs tax saver fixed deposits means so what is the difference between Normal fixed deposit interest earned and Tax saver fixed deposits interest earned pls clarify...
20 February 2014
normal fd less then 5 years is not exempted u/s 80C but 5 yr FD is allowed as deduction u/s80C.
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