Problems in 80l

This query is : Resolved 

28 February 2013 Please tell me whether Saving bank account interest is allowed as deduction u/s 80L

28 February 2013 80L was upto A.Y. 2005-06
Now it is not available

02 March 2013 Yes section 80L has done way. But new section 80TTA has been inserted from financial year 2012-2013, you can claim exemption of interest up to 10000.

02 March 2013 80TTA is only for individual and HUF.

02 March 2013 Yes Sir, 80TTA is only for individual and HUF but I believe section 80L in question also was for individual and HUF only.

02 March 2013 but 80L was till A.Y. 2005-06 so that is not relevant, I think

02 March 2013 Yes, you are correct. I mentioned this in my first reply as well.


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