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SBI Term Deposit under Sec 80C
I have taken Term Dseposit with my mother's name, is it eligible for deduction u/s 80C, plz suggest.........
Replies (4)
Yes 80c Deduction will be allowed
No term deposit should be in the Joint Name and deduction u/s 80 C will be allowed only to Frist Holder.
Vide Circular No NOTIFICATION NO. 203/2006, DATED 28-7-2006
Therefor deduction will not be allowed
Vide Circular No NOTIFICATION NO. 203/2006, DATED 28-7-2006
Therefor deduction will not be allowed
No term deposit should be in the Joint Name and deduction u/s 80 C will be allowed only to Frist Holder.
Vide Circular No NOTIFICATION NO. 203/2006, DATED 28-7-2006
Therefor deduction will not be allowed
Thanks
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