Tax on fd interested if more then 10k
This query is : Resolved
20 July 2014
In last finance year I received total 18200 as interest from FD and bank detected 1820 as tax .
My question will i get benefit of secion 80TTA where10,000 will be tax free ande 8200 will be taxible ?
or i need to pay tax on full amount RS 18200.
Thanks
vikas
My question will i get benefit of secion 80TTA where10,000 will be tax free ande 8200 will be taxible ?
or i need to pay tax on full amount RS 18200.
Thanks
vikas
20 July 2014
yes sec 80TTA is available to u so take 10,000 rs deduction.
20 July 2014
No. You can not claim deduction u/s 80TTA. Deduction is available only for saving bank interest. Deduction is not available for intetest on FD.
21 July 2014
agreed with Sanjay ji. 80TTA is available only on the saving bank a/c interest
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
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- E way bill for tractors
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Loan by Partnership Firm
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
