Fd int
This query is : Resolved
22 July 2014
is fd int qualify for exemption u/s 80TTA?
22 July 2014
No pooja in 80TTA only saving Bank accout interest can b claimed upto Rs.10K. FD interest is not chargeable to tax. It is fully exempted.
22 July 2014
sandeep fd int is taxable under income from other source and ur ri8 in sec 80 TTA point.
22 July 2014
FD Interest does not qualify for deduction u/s 80TTA. 80TTA is only for Savings bank interest. FD Interest is not exempted. It is taxable under the head Income from other sources.
22 July 2014
Ya I agree, it was a mistake from my side. I got confuse between PPF and FD. So Pooja it is fully taxable as IFOS.
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