Fixed Deposit under Income tax Sec 80-C

NARESH V (Accountant) (93 Points)

04 November 2022  

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.