Tax saving fixed deposit
This query is : Resolved
13 February 2013
Is accrued interest on 5 year tax saving fixed deposit be treated as being reinvested and eligible for deduction u/s 80c like National saving certificate?
13 February 2013
No,it is not eligible for deduction U/s 80C.
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13 February 2013
Accrued interest is not eligible for deduction under section 80C. Interest received upon maturity will be taxable.
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