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income tax declaration
can I submit fixed deposit invested in bank for one year
Replies (6)
NoOnly Tax Savings Fixed Deposits are allowed
OK thanks for suggestion
No 1 year FD are not allowed, for tax benefit you have to make tax saving FD for 5 year.
if I had gone through medical treatment can I submit for IT exemption
Now you can’t submit medical bills for for tax exemption. From FY 2018-19, medical exemption is not Available but you will get standard deduction of 40K.
if I invest in tax saving deposit for 5 year should I submit documents every year or only year of investment for IT declaration
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