if invest 100000.00 for 5 years in fd
so how many years shoud i get the exemtion of that investment in concern period only or what
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regarding investment in fd
Replies (5)
Yes. Mr Uday is right
Agree. deduction is investment based and can be claimed only once.
Rs. 100000/- would be deducted from GTI u/s 80C on account of investment in term deposit (5 years or more).........
Deduction would be allowed in the year of investment only............
| Originally posted by : Uday Kiran | ||
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Dear Sumit You will get the exemption in the year of investment only. In your case Rs 1 lakh deposited would be eligible for deduction u/s 80C in the year of investment. |
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Agree by all view but Mr. Sumit pls. check whtr on FDR Receipt it is written that it is eligible for 80C
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