U/s 80tta
This query is : Resolved
20 June 2017
Dear Expert,
If any individual person get Interest on saving bank account Rs.35000/-, then whole amt will be taxable or 25000 will be taxable.
i have shown Rs.35000/- in income from other source and given deduction Rs.10000/- u/s 80TTA, kindly guide this is correct process or is there any other process.
Thanks
If any individual person get Interest on saving bank account Rs.35000/-, then whole amt will be taxable or 25000 will be taxable.
i have shown Rs.35000/- in income from other source and given deduction Rs.10000/- u/s 80TTA, kindly guide this is correct process or is there any other process.
Thanks
20 June 2017
You have do it correctly. Show 35000/- in other sources & take deduction of Rs.10000/- u/s 80TTA.
20 June 2017
10,000 deduction is available for interest on savings bank
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
- Payment for sale in March and Sale deed registration to be done in April
- Transfer of MF
- Two pancard
- Lifting and cross charges
- Eligibility for filling NEW Form 121 from April 2026
- SSY for 2 daughters
- REGARDING ITR OF TRUST
- E bike purchase can get input in GST
- Missing tan number searach procedure in income tax portal
- Income tax on agriculture income with having business income
- Treatment of TDS under Section 194-IA in case of cancelled property transaction
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
