Tds
This query is : Resolved
24 July 2014
Sir,
Please solve my query
1] My Client Ramdas Received Int.on Saving A/c Rs.12000/- & FD Interest Rs.13300/-
Total Int.=25300/-
Income from Salary-2,40,000/-
Just Work,
240000-(25300)=214700 (Income)
(+)25300 Income from other sources
(Interest)
Total=2,40,000/-
(-)25300 U/S 80TTA
214700/-
right or Wrong
& issue confirmation how to interest show of saving a/c & FD + how to deduction show
please reply
Please solve my query
1] My Client Ramdas Received Int.on Saving A/c Rs.12000/- & FD Interest Rs.13300/-
Total Int.=25300/-
Income from Salary-2,40,000/-
Just Work,
240000-(25300)=214700 (Income)
(+)25300 Income from other sources
(Interest)
Total=2,40,000/-
(-)25300 U/S 80TTA
214700/-
right or Wrong
& issue confirmation how to interest show of saving a/c & FD + how to deduction show
please reply
24 July 2014
Show total interest of Rs 25300 under income from other sources. Deduction u/s 80TTA Rs 10000. Income from Salary Rs 240000/-.
Why are you deducting interest income from Income from Salary.?
Why are you deducting interest income from Income from Salary.?
Nikhil Kaushik
(Expert)
24 July 2014
dear friend,
please note that while both interest on saving a/c and FD will be reported in the Income from other sources as "interest" but deduction under 80TTA shall be claimed only for interest on savings A/c
please note that while both interest on saving a/c and FD will be reported in the Income from other sources as "interest" but deduction under 80TTA shall be claimed only for interest on savings A/c
Nikhil Kaushik
(Expert)
24 July 2014
dear friend,
please note that while both interest on saving a/c and FD will be reported in the Income from other sources as "interest" but deduction under 80TTA shall be claimed only for interest on savings A/c
please note that while both interest on saving a/c and FD will be reported in the Income from other sources as "interest" but deduction under 80TTA shall be claimed only for interest on savings A/c
Guest
Guest
(Expert)
25 July 2014
Under section 80tta only intended on savings up to 10000 is to be defucted
Guest
Guest
(Expert)
25 July 2014
Under section 80tta only intended on savings up to 10000 is to be deducted
Rupesh Jain
(Expert)
22 August 2014
intt deduction u/s 80TTA only for saving bank a/c intt deduction not for others.
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