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Income Tax On Investment
how Income Tax Charge on fixed deposit,LIC,other Investment
Replies (1)
There is no income tax on investment in FD, RD, LIC ect. But interest /income portion received on this investment is subject to tax, if not specifically Exempt on accrual basis or on maturity as the case may be.
You also get Deduction u/s 80C at time of investment made in specified investment like LIC, PF ect.
You also get Deduction u/s 80C at time of investment made in specified investment like LIC, PF ect.
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