I am a senior citizen , I have problem how to show deduction150000 and 50000 exemption against fixed deposit
both while filing ITR. What possible mistake I am committing or it is not allowed.
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deduction and exemption against deposit
Replies (2)
If your fixed deposit is 5 years tax saver FD, eligible for 80C deduction, then apply 80C deduction. Otherwise it may not be eligible for the deduction.
Go to Chapter VI A schedule
Enter 150000 under 80C
Enter 50000 under 80TTB
Enter 150000 under 80C
Enter 50000 under 80TTB
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