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80tta

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 September 2014 If I set off my business loss with IFOS(which includes only the interest income from saving bank)can I claim deduction of the Interst income u/s 80TTA ?

Please reply as soon as possible.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
22 September 2014 ideally no...the set off is done before claiming chapter VIA deduction. so there wont be any income left for claiming deduction against it..
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 September 2014 yes agreed with nikhil's view...........
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Querist : Anonymous

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Querist : Anonymous (Querist)
25 September 2014 Thk u for ur replies
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