The Central Government has notified the Bank Term Deposit Scheme under Section 80C of the Income Tax Act. Investment in this Bank Deposit Scheme shall be eligible for exemption under Section 80C for a maximum of Rs.one lakh. Text of the Notification No:203/2006 dated 28th July 2006 is given hereunderIn exercise of the powers conferred by clause (xxi) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following scheme, namely:-
