w r to Fixed deposits
This query is : Resolved
08 January 2011
Under Section 80C an assessee can fixed deosit for a term of 5 years with bank, If the deposit is made with co-operative bank is it allowed under this section?
08 January 2011
Deposit in state co-operative banks listed in the second schedule of the Reserve bank of India Act,1934 are covered u/s 80C(2)(xxi)provided the deposit should be under the Bank Term Deposit Scheme,2006.
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