Sec -80 tta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 April 2014
I have the following query regarding Deduction u/s.80-TTA.
If an individual having bank interest from his Saving Bank account also has corresponding Bank Charges . And Since the bank interest earned by him is allowed as deduction u/s.80-tta. Can he still claim bank charges as an expense under the Head Income From Other Sources, or he cannot claim bank charges as an expenses.
If an individual having bank interest from his Saving Bank account also has corresponding Bank Charges . And Since the bank interest earned by him is allowed as deduction u/s.80-tta. Can he still claim bank charges as an expense under the Head Income From Other Sources, or he cannot claim bank charges as an expenses.
Rupesh Jain
(Expert)
09 April 2014
HE CANNOT CLIM BANK CHARGES UNDER INCOME TAX ACT.
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