Which of these investment options is NOT eligible for tax deductions under Section 80C? Option: Fixed Deposit (FD), Public Provident Fund (PPF), Mutual Funds, National Savings Certificate (NSC)

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Which of these investment options is NOT eligible for tax deductions under Section 80C?

Fixed Deposit (FD)

Public Provident Fund (PPF)

Mutual Funds

National Savings Certificate (NSC)

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Which of the following investment options is NOT mentioned as eligible for tax deductions under Section 80C?

"National Savings Certificate (NSC)"

"Public Provident Fund (PPF)"

"Equity Linked Savings Scheme (ELSS)"

"Fixed Deposits for a tenure of 3 years"

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Under which section of the Income Tax Act can investors claim tax benefits for investments in NSC?

"Section 80D"

"Section 80C"

"Section 80TTA"

"Section 80G"

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Under which section of the Income Tax Act can tax benefits be claimed for PPF investments?

"Section 80G"

"Section 80D"

"Section 80C"

"Section 80E"

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Under which section of the Income Tax Act are investments in SSY accounts tax-deductible?

Section 80E

Section 80D

Section 80C

Section 80G

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What is the key feature of tax-saving Fixed Deposits in India?

They offer higher interest rates than regular FDs

They are exempt from all tax liabilities

They have a shorter lock-in period compared to regular FDs

They fall under Section 80C of the Income Tax Act, offering potential deductions