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Deduction u/s 80tta

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 June 2014 If the interest income of a minor child is clubbed in income of his parent then alongwith deduction of Rs1,500 weather remaining interest income of child can be considered while calculating limit of Rs 10,000 for that parent in the income of which child's income is clubbed.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
15 June 2014 yes. once the income is clubbed, deduction under 80TTA and exemption under 10(32) both shall be available.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
15 June 2014 yes both will be allowed as there is no restriction for the same....
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Querist : Anonymous

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Querist : Anonymous (Querist)
16 June 2014 Thank you very much to both of you.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
16 June 2014 you are welcome friend.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
16 June 2014 you are welcome...........................................
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