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Fixed deposit is eligible U/s 80C

Tax queries 1174 views 6 replies

hi

is fixed deposit of 1 lakh is eligible for 80c

Replies (6)

YEs, If the tenure is equalls or more then 5 years

thank you very much sir

you are welcome hari

for 5 years..n only in a scheduled bank..

Also it needs to be approved by the Central Givernment

Yes it should be  recognised by central government under Tax Saving FDRs

 


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