Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

trnghosh (sr asst)     22 August 2020

80 TTB SECTION FOR SENIOR CITIZENS

I am senior citizen person and in the efiling form showed Rs 122169.00 as interest from deposit and tax calculated including this one. Now in the deduction section can I show this one in 80 TTB column, I just put it and it shows a total exemption of Rs 50000.00 out of Rs 122169.00. Am I doing the right thing. I attached two image file for your perusal one showing the interest income (image one)  and another 80 TTB column for exemption of Rs 50000.00 (image two).

Many many thanks for your time. 



 5 Replies

trnghosh

trnghosh (sr asst)     22 August 2020

here is the first image. 


Attached File : 1308355 20200822230053 one.jpg downloaded: 16 times
priyanka pal

priyanka pal   22 August 2020

Completely right sir👍👍👍
Sagar Patel

Sagar Patel (Tax and Business Consultant)     23 August 2020

Yes, sir....it's All right....you are doing right things.

Section 80TTB allow a deduction upto Rs 50,000/- in respect of interest income from deposits held by senior citizens.However, no deduction under section 80TTA shall be allowed in these cases.
1 Like
trnghosh

trnghosh (sr asst)     23 August 2020

Many many thanks for the response. I am so much worried about this one, really feel relieved. 

 

Many many thanks 

1 Like
Sagar Patel

Sagar Patel (Tax and Business Consultant)     23 August 2020

You're most welcome.......sir.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags