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Investment in time deposits

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45 Points Joined December 2019
I have made investment in 05 year tax saving FDR. Now I want to know whether I can claim deduction u/s 80C for 01 year or 05 year for above said investment in FDR.
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On 11 May 2021 at 21:48 Report
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180 Points Joined June 2018
Only in the year of investment
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On 11 May 2021 at 22:02
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tax consultant
3306 Points Joined October 2018
Only in year 1
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On 11 May 2021 at 22:50
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180 Points Joined June 2018
Yes. onky one time
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On 11 May 2021 at 22:51
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tax consultant
3306 Points Joined October 2018
That goes without saying. a single investment would get you deduction only once. how could someone take deduction for the same investment repeatedly.
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On 11 May 2021 at 22:56
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Chartered Accountant
24588 Points Joined November 2019
Only for 1 year can be claimed
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On 12 May 2021 at 05:57
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Practice
1361 Points Joined June 2019
Agreed
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On 12 May 2021 at 08:59

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