Clarifications about sec 80tta

Tax planning 605 views 1 replies

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Is interest income on FD for persons having no other income except income under the head salaries and interest income liable to be deducted u/s 80 TTA? Actually the original sec as inserted to the Act, does ot allow this. I want to know about the further amendments, if any.

Replies (1)

80TTA deduction is for Interest on savings bank acccont only  not on interest on FDs


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