Tax saving fd

[csmandeep]

Hi

I have a query regarding acceptability of tax saving fd as Pof.

I have got a certificate from the stating the balance in my tax saving fd but it also mentions that the fd has a lock in period of 5 years.

Will this be acceptable as a Pof.

Please guide as I am about to file my ITA.

Thanks in advance.

 

[mr.preetsingh]

Hi

I have a query regarding acceptability of tax saving fd as Pof.

I have got a certificate from the stating the balance in my tax saving fd but it also mentions that the fd has a lock in period of 5 years.

Will this be acceptable as a Pof.

Please guide as I am about to file my ITA.

Thanks in advance.

No, you can not. The money should be readily available.

 

[csmandeep]

No, you can not. The money should be readily available.

But I can withdraw the money any time after paying the penalty amount

 

[mr.preetsingh]

But I can withdraw the money any time after paying the penalty amount

Then get a certificate from that institution mentioning you can withdraw X amount anytime required. Stamped and Signed.