Hi guys, I've invested in Tax saving fd on 21/3/19. Can I show this as deductions under 80C for the current financial year?
If yes, how much I can show ? is it complete amount or only for March month?
Can I show 80C this tax saving fd excepption for 5 yrs? or only applies to one financial year?
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 29 March 2019
The amount will deduct which is paid in the FY 18-19...
Raj Chaurasia
(273 Points)
Replied 29 March 2019
Whole amount invested can be claimed as deduction in 80C for FY 2018 - 19 only.
It cannot be claimed for other years. U will have to do fresh investment in coming years to claim deduction.
It cannot be claimed for other years. U will have to do fresh investment in coming years to claim deduction.
Naresh Khanduri
(301 Points)
Replied 29 March 2019
whole invested amount... can deducted under section 80 C
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 29 March 2019
Just avail the deduction based on 80C limit...
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