Is a Super Senior citizen Assessee entitled to claim full amount of Rs 50000 / on income by interest of bank deposit if she is pre deceased during middle of the Financial year ... i.e pro rata applicability ? )
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Quick Summary
This discussion clarifies the applicability of the Section 80TTB deduction for super senior citizens. It addresses whether the full Rs 50,000 deduction for bank deposit interest is allowed, even if the individual passed away mid-financial year. The consensus is that the full deduction is permissible and not subject to pro-rata calculation under the old tax regime.