Will the interest accrued every year is eligible under 80C as per NSC for the 5yr tax saver FD? Is the interest to be shown every year as income or may shown at the end of maturity more
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Deduction upto 10000/- under Section 80TTA is available for interest earned on Savings Bank only more
Oct 01
Thank youvery much for your information Mr.Devinder Sharma. I was thinking of adding at the end of maturity instead of showing every year more
Aug 31
Interest on five year FD is not eligible for deduction under 80C. Interest is to be shown every year in the return as it gets credited to your account and bears interest. more
Aug 31