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Deduction u/s 80TTA

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(Querist)
28 September 2019 For AY 2019-20 : Assessee has business loss amounting to Rs.525000/- other than salary income and capital gain. Assessee has interest on saving bank a/c amounting to Rs.15000/- which has also been disclosed in income from other sources. Interest income has been set off with business loss and business loss has been carried forward. In this way, deduction of 80-TTA amounting to Rs.10000/- will be admissible or not. Please advice.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
29 September 2019 No, because the gross total income is -ve.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 September 2019 Salary income is there gross total income is positive hence it can be claimed.
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