Exclusive HOLI Discounts!
Get Courses and Combos at Upto 50% OFF!
Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

sonika (student)     25 June 2012

Tax treatment of deductions under section 80c

What would be the tax treatment if assessee has claimed deduction of 80C for Fixed deposit of five year and then withdrawn it before its maturity? Will the deduction would be reversed?



Learning

 1 Replies

A V Vishal (Advocate)     25 June 2012

Yes, further the amount of investment will be added back as income and taxed accordingly.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register