80tta

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2013 80tta for this what we have to do....
first add in other source and then deduction

or directly show deducted amount

Ganeshbabu K

Ganeshbabu K (Expert)
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23 July 2013 1)show the amount of interest from saving bank income in "income from other sources".

2)show deduction under section 80TTA upto 10000 and not exceeding amount of interest income mentioned in "other sources"

Thanks & regards
Ganesh babu k

Querist : Anonymous

Querist : Anonymous (Querist)

23 July 2013 what...?
i am not able to understand.....
plz use easy language

Ganeshbabu K

Ganeshbabu K (Expert)
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23 July 2013 As you said above,..

Add in other sourse

and then show deduction 80TTA

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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23 July 2013 In easy language it means first you add that income in head "income from other source"

then under deductions under sec 80TTA col. upto 10,000 int from saving bank a/c deduct it.

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