Deduction under section 80C can be claimed for fixed deposit made in any scheduled bank, if the minimum period of deposit is —

CS Executive · Tax Laws and Practice · PYQS · June 2016
Deduction under section 80C can be claimed for fixed deposit made in any scheduled bank, if the minimum period of deposit is —
(A) 5 Years
(B) 8 Years
(C) 10 Years
(D) 12 Years.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax

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