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It is the good news to the all tax payers that the CBDT have Notifies the Bank Term Deposit limit extended from 1 Lakh to 1.5 Lakh as per the CBDT Notification No. No.63/2014, F.No.142/09/2014‐TPL Dated 13/11/2014. The Notification details is given below :-
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,
PART–II, SECTION 3, SUB‐SECTION (ii)]
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
(CENTRAL BOARD OF DIRECT TAXES)
Notification
New Delhi, the 13th November, 2014.
(INCOME‐TAX)
S.O. 2906(E).In 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 amendments to the the Bank Term Deposit Scheme, 2006, namely:‐ (1) This scheme may be called the Bank Term Deposit (Amendment) Scheme, 2014.
(2) It shall come into force on the date of its publication in the Official Gazette.
In the Bank Term Deposit Scheme, 2006, in para 3, in clause (1), for the words “one
lakh rupees” ,the words “one hundred and fifty thousand rupees” shall be substituted.
[[Notification No. 63/2014, F.No.142/09/2014‐TPL]
(Raman Chopra)
Director (TPL‐II)
