Sec 80tta
This query is : Resolved
a.srinivas
(Querist)
25 April 2014
SIR
I AM AN EMPLOYEE OF LIC OF INDIA , HOW TO USE SEC 80TTA , I HAVE EARNED 5700 INTEREST IN MY BANK ACCOUNT.IS IT ELIGIBLE FOR TAX DEDUCTION IN SAHAZ 1 ITR
I AM AN EMPLOYEE OF LIC OF INDIA , HOW TO USE SEC 80TTA , I HAVE EARNED 5700 INTEREST IN MY BANK ACCOUNT.IS IT ELIGIBLE FOR TAX DEDUCTION IN SAHAZ 1 ITR
Dintakurthi Tirumala
(Expert)
25 April 2014
Yes,
While preparing return of income of you for income tax purpose offer such interest on Savings bank account under the head income from other sources and then claim deduction u/s 80TTA(Maximum deduction allowed u/s 80TTA is Rs.10000).
OM SAI SRI SAI JAI JAI SAI
While preparing return of income of you for income tax purpose offer such interest on Savings bank account under the head income from other sources and then claim deduction u/s 80TTA(Maximum deduction allowed u/s 80TTA is Rs.10000).
OM SAI SRI SAI JAI JAI SAI
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