deduction allowe under section 80c

[Guest]

Dear sir/mam,

i have a quiry related to the the F D R  investment allowe by income tax as a dedction under Section 80C  on of tax act or NO  please provided need ful solution against my quiry

 Regards,

Neeraj kumar

AI Summary

Five-Year Lock-In Fixed Deposits Eligible for Tax Deductions Under Section 80C; Regular FDRs Not Qualified. A user inquired about the eligibility of Fixed Deposit Receipts (FDR) for tax deductions under Section 80C of the Income Tax Act. The response clarified that regular FDR investments do not qualify for deductions under Section 80C. However, if the FDR has a five-year lock-in period, it may be eligible for such deductions.