Can a parent claim deduction under Section 80TTA in respect of Interest from Savings Bank Account of his / her minor child (over & above the amount of Rs. 1,500/- which is exempt under Section 10(32)), whose income has been clubbed with income of the parent under Section 64(1A)?
E.g., Master B (minor son of Mr. A) earns Rs. 5,000/- as Interest from Savings Bank Accounts, which gets clubbed with the income of Mr. A. Mr. A claims exemption of Rs. 1,500/- under Section 10(32) in respect of income of Master B. Balance Rs. 3,500/- is taxable in the hands of Mr. A as Income from Other Sources (Interest from Savings Bank Accounts). Can Mr. A claim deduction of this Rs. 3,500/- under Section 80TTA (since this Rs. 3,500/- is Interest from Savings Bank Account and subject, of course, to overall limit of Rs. 10,000/- prescribed under Section 80TTA) while filing his Return of Income?
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