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?
Menu
Tax saving Fixed Deposit
Replies (4)
The amount will deduct which is paid in the FY 18-19...
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.
whole invested amount... can deducted under section 80 C
Just avail the deduction based on 80C limit...
Recent Topic
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
Related Topics
CAclubindia
