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Vinay Kamal   11 May 2021

Investment in time deposits

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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 6 Replies

Raghavendra Kamath

Raghavendra Kamath   11 May 2021

Only in the year of investment
veerendar singh

veerendar singh (tax consultant)     11 May 2021

Only in year 1
Raghavendra Kamath

Raghavendra Kamath   11 May 2021

Yes. onky one time
veerendar singh

veerendar singh (tax consultant)     11 May 2021

That goes without saying. a single investment would get you deduction only once. how could someone take deduction for the same investment repeatedly.
Sourav

Sourav (Student)     12 May 2021

Only for 1 year can be claimed
Lotus Choudhary

Lotus Choudhary   12 May 2021

Agreed

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