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    <title>Budget suggestions: Simplification of S.80C of the Income-tax Act, 1961 and to make tax saver fixed deposits more user friendly and flexible.</title>
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    <description>The note proposes treating tax-saver fixed deposits like national savings certificates by equalising tenure and interest treatment, permitting loans or overdrafts against them, allowing accumulated interest to qualify for deduction, permitting proportionate income inclusion on early withdrawal, expanding eligible assessees, adjusting or removing the investment limit, and introducing TDS on early withdrawal, via amendment to the existing provision or a new statutory provision.</description>
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      <description>The note proposes treating tax-saver fixed deposits like national savings certificates by equalising tenure and interest treatment, permitting loans or overdrafts against them, allowing accumulated interest to qualify for deduction, permitting proportionate income inclusion on early withdrawal, expanding eligible assessees, adjusting or removing the investment limit, and introducing TDS on early withdrawal, via amendment to the existing provision or a new statutory provision.</description>
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