Deduction u/s 80tta

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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.
Profile Image

Nikhil Kaushik

Profile Image

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

CS,CA F,Numrologi TusharSampat

Profile Image

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

Querist : Anonymous

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

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
16 June 2014 you are welcome friend.
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
16 June 2014 you are welcome...........................................
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Trending Online Classes

view all classess

Follow us


Answer Query



Quick Links



Browse by Category