Deduction u/s 80tta
This query is : Resolved
Rahul Chugh
(Querist)
11 August 2015
I have saving bank interest income but there is overall loss under head "income from other sources" which is setting off against business income, can deduction u/s 80TTA be allowed??
please reply with proper reasoning.
please reply with proper reasoning.
12 August 2015
No deduction u/s 80TTa will not be allowed as there is a loss under the head other sources.
12 August 2015
As there is no positive income under the head other sources.
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