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difference between section 80C and 80TTA
Replies (6)
Quick Summary
What similarities you noticed between 80c and 80tta? both sections are totally different
80C for the actual investments made like LIC,PF,PPF, Tuition fees, Housing loan principal repayment etc maximum limit 150000/-
80TTA is specific section and it is available only to interest on savings interest of individuals other than senior citizens-and deduction available 10,000/-
80TTA is specific section and it is available only to interest on savings interest of individuals other than senior citizens-and deduction available 10,000/-
Eswar garu
Sec 80 C is actually investment by individuals to claim exemptions from income .
There are several tax saving instruments.
Sec 80TTA
is a deduction available for individuals other than senior citizens.
Sec 80 C is actually investment by individuals to claim exemptions from income .
There are several tax saving instruments.
Sec 80TTA
is a deduction available for individuals other than senior citizens.
@ sabyasachi Mukherjee
How your answer make difference from What
Mr. Eswar Reddy has said in his reply.
How your answer make difference from What
Mr. Eswar Reddy has said in his reply.
Section 80C is investment linked scheme in which deduction can be claimed of the investments made in a FY.
Section 80TTA provides for deduction of Saving Bank Interest irrespective of the deposit/withdrawn made during s FY.
@ Anisha Sharma:
We can say 80C deduction for the investments made.You must spent some amount to avail deduction.
Where as 80TTA is deduction against income received..No need of making any investment to avail deduction
We can say 80C deduction for the investments made.You must spent some amount to avail deduction.
Where as 80TTA is deduction against income received..No need of making any investment to avail deduction
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