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Deduction of interest on certain deposits
my father who is 81yrs old has a Savings bank account in State Treasury. whether the interest from the SB can be deducted whole computing the IT for AY 20-21
Replies (2)
Yes, he can u/s 80 TTB up to a maximum of ₹50000.
What do you mean by state treasury ?
Do you hold GoI bonds or securities ?
PL clarify
Do you hold GoI bonds or securities ?
PL clarify
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