Is post office RD will eligible for deduction under 80C....?
Narendra choudhary
(mumbai)
(109 Points)
Replied 09 February 2012
For Post office RD A/c , MIS A/c , Time deposit other then 5 Years :-
Treatment of original investment : No deduction
Treatment of regular income accrued/received before maturity : Taxable
Treatment of Amount received on Maturity : Not Taxable
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