50000 invested in Fixed deposits with SBI for one year . How this can be shown in deductions?
Short term FD (7-10days) also made every month.How this should be shown ?
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Fixed deposits
Replies (5)
FD for one year is not eligible for claiming deduction because of lock in period should be 5years and u deposited for 1year
Exactly minimum lock in period is 5 year, your FD of 1 year and other of 7 days are not eligible for deductions..
Thank you very much.
good clarification and information
You are RD account open . not FD account
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