deduction allowe under section 80c

[Asked by 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

Fixed deposit eligibility under Section 80C depends on a prescribed long term lock in; standard FDs are not deductible.
Ordinary fixed deposits are not eligible for deduction under Section 80C; only fixed deposits that are specifically structured with the requisite long term lock in and otherwise meet the statutory qualifying conditions may be eligible for the 80C deduction.