Fd int
This query is : Resolved
POOJA SANGHRAJKA
(Querist)
22 July 2014
is fd int qualify for exemption u/s 80TTA?
Sandeep Dharar
(Expert)
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.
Sandeep Dharar
(Expert)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Movement of goods by packers and movers - type of sale - Reg.
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Closer of business and itc of capital goods
- TDS Return Statement Status
- Appointment of Auditor By Form ADT-1
- RCM and same line
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
