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80TTA Deduction

ANKIT JAIN (180 Points)

03 March 2018

Dear Sir,
I am Propriter or my firm and I Recived 7000 interest on my saving Account. can I get unders deduction 80TTA

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18 Replies

Hiren Patel (Chartered Accountant) (91 Points)
Replied 03 March 2018

yes, upto Rs. 10000, you can get dedutuion u/s 80TTA

Teja Ahuja (ca) (63 Points)
Replied 03 March 2018

Ofcourse Yes. Only when you declare it under Savings Account Interest received under Income from other sources in your IT Return.

1 Like

Sagar Mailapur (172 Points)
Replied 03 March 2018

yes u can get

ANKIT JAIN (180 Points)
Replied 03 March 2018

Interest on SB income is include in P&L in Indirect income head

and I put data In My Software

After deduction of 80TTA, I get added again in other income here and increases from total income interest.

what I do sir

1 Like

A.B.RAJ (FINANCE PRACTIONER ) (250 Points)
Replied 03 March 2018

upto 10000 is maximum list but for your cass 7000 will be shown in 80TTA

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 03 March 2018

You can deal the value already added in PandL...
You just less it under deduction head... And will be prepare the computation sheet with added in PandL Account...

2 Like

ANKIT JAIN (180 Points)
Replied 03 March 2018

thank you so much sir thank you so much

2 Like

Sumit Sarswat (Student) (3154 Points)
Replied 03 March 2018

yes! u can claim it u/s 80TTA

1 Like

Keshav Choudhray (2 Points)
Replied 04 March 2018

Yes you can deducted max 10000 rupees. U/s 80TTA

manoj (student) (5205 Points)
Replied 04 March 2018

Upto 10000 u/s 80TTA

1 Like

ANKIT JAIN (180 Points)
Replied 04 March 2018

thank to all

sury prakash yadav (account) (26 Points)
Replied 05 March 2018

Yes u can get it up to rs.10000/-

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 06 March 2018

Mr/Mrs/Ms/ M/s.... Anatoly., Please go to post separately or go to advertise in any other websites... It's not Your advertisement area...

Accounting Home Services (Finance Executive ) (733 Points)
Replied 09 March 2018

Deduction Available on Fixed Deposit Interest also ????

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