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RE:Interest on 5 years Bank FD is Tax Free?
by Karan Hi on Aug 06, 2008 01:14 PM

NO For Gods Sake NO
Only the amount of Investment upto Rs 100,000 is given tax benefit u/s 88 for periord of FD of 5 yrs and more
The Intrest all of it is Taxable at all times.

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The above message is part of the Discussion Board:
Does it make sense to invest in FDs?