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Whether Post office savings - 1 year Term Deposit is eligible for deduction u/s 80C for Senior citizen employee, Income Tax

Issue Id: - 109906
Dated: 19-2-2016
By:- Mahendra L

Whether Post office savings - 1 year Term Deposit is eligible for deduction u/s 80C for Senior citizen employee


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Whether Post office savings - 1 year Term Deposit of ₹ 1,50,000/- is eligible for deduction u/s 80C for Senior citizen employee?

Please clarifiy as per the latest provision of Income Tax Act.

Posts / Replies

Showing Replies 1 to 3 of 3 Records

Page: 1


1 Dated: 21-2-2016
By:- Ganeshan Kalyani
Deduction will eligible for post office savings scheme it the deposit is for 5years and above.

2 Dated: 21-2-2016
By:- KASTURI SETHI
Yes I agree with Sh.Ganeshan Kalyani Sir.

3 Dated: 24-2-2016
By:- Mahendra L

Thank you Sir.,

Have a nice day.,


Page: 1

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