5yr rd post office under 80c

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hi
20 Points Posted on 17 December 2020
can we claim deduction under 80c for deposit in 5yr rd of post office
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On 17 December 2020 at 14:57 Report
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This discussion clarifies whether deposits in a 5-year Post Office Recurring Deposit (RD) are eligible for deduction under Section 80C of the Income Tax Act. While some Post Office schemes like Sukanya Samriddhi Yojana are eligible, the general 5-year RD is not covered under Section 80C for tax deduction purposes, despite being a tax-exempt investment.

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Tax consultant
5895 Points Posted on 17 December 2020
Yes you can but as per the rules and regulations for it as per post office
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On 17 December 2020 at 19:07
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Accountant
3662 Points Posted on 17 December 2020
You can not claim deduction under section 80C

Investment in RD is not covered under section 80C
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On 17 December 2020 at 22:35
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Tax consultant
5895 Points Posted on 17 December 2020

5 yr Rd of post offices with terms and condition  is tax exemption as per the law 

Even Sukanya samridhi is rd for girls  of post office is eligible for Deduction under sec 80 c as per law

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On 17 December 2020 at 23:01

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