Interest on mod
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2013
Interest accrued on Multi Option Deposit (MOD) linked with Saving Plus account is eligible for exemption u/s 80TTA. If not is there any TDS applicability? If so up to what extent it is exempted. Please give reply.
Interest accrued on Multi Option Deposit (MOD) linked with Saving Plus account is eligible for exemption u/s 80TTA. If not is there any TDS applicability? If so up to what extent it is exempted. Please give reply.
22 July 2013
only int on simple savings a/c in bank you can avail deduction under sec 80TTA,
TDS is applicable if Int exceeds Rs10,000 on savings a/c.
in your case you havent said whether your a/c is saving a/c or not.
TDS is applicable if Int exceeds Rs10,000 on savings a/c.
in your case you havent said whether your a/c is saving a/c or not.
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2013
Sir,
Saving Plus account ie saving account with MOD facility
Saving Plus account ie saving account with MOD facility
22 July 2013
then int from savings a/c only is eligible for deduction under sec 80TTA.
Message likes :
1 times
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Consolidated financials
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Foreign lottery ticket bought online from India: legality, tax and consequences
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Section 50-fixed asset-->building ceases to exist
- Withdrawal in cash from partners capital account by partner
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
