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about the filing of Return on income
Can an assessee claim both exemption and deductions while he is filing the returns?..lets say he has post office savi gs bank account and he has received 12000 rs...so if that is the case...he has claimed exemption upto 3500 u/s 10(15)...and also he has claimed balance amount of 8500 as deduction u/s 80TTA...can he do so?
Replies (1)
Yes can claim both.
Either Section 10(15) or Section 80TTA starts with non obstante clause and since both the sections are different in nature i.e. the first one talks about exemption and the latter talks about deduction, In my view both can be claimed.
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