Hi Everyone,
If I am Supposed to invest 1 Lakh as an FD for 5 Years of tenure. Shall I take said 1 lakh amount under Sec- 80C or only exempt for 1st year? Please clarify us.
Regards,
Naresh.
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Fixed Deposit under Income tax Sec 80-C
Replies (1)
Deduction is available only once in the year of payment towards tax saving FD
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