Chapter vi a

This query is : Resolved 

09 October 2013 Under section 80TTA introduced from AY 13-14, interest upto 10000 on savings bank account is exempted or deducted?

09 October 2013 It is a deduction under chapter VI A and not exemption..

09 October 2013 Agree,
Its a Deduction in respect of interest on deposits in savings account under Section 80TTA of Income Tax Act, 1961..


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