Menu
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
Recent Topics :
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
Related Topics :
CAclubindia
