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IT 80 C deduction

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student
333 Points Posted on 26 February 2021
can fd for 5 years shown under 80 c deduction??
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On 26 February 2021 at 19:14 Report
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254 Points Posted on 26 February 2021
No...it can't be..
FD will taxble under other income...
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On 26 February 2021 at 20:29
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Chartered Accountant
24588 Points Posted on 26 February 2021
No Interest from fd is other income
129 Reply
On 26 February 2021 at 20:44
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254 Points Posted on 26 February 2021
Yes the interest income will be taxble under other income
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On 26 February 2021 at 20:45
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Partner
1072 Points Posted on 27 February 2021

Tax saving FD of 5 years is rightly allowed U/S 80C.

4 Reply
On 27 February 2021 at 20:04


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