interest on fd
allowed as deduction us80cto u???
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direct tax
Replies (7)
No deduction on interest on fd. However interest on savings account up to 10000 is allowed under 80TTA.
No... FD interest can't be deductible under sec 80TTA. SB interest only will be deductible.
Raja sir please reread what I have written.
Dear.,
Reply based on Query dear. It's not for Your reply's banned OR to You...
Reply based on Query dear. It's not for Your reply's banned OR to You...
agreed with hitesh and raja pm
Interest on FD is fully taxable however if money is invested in 5-year Bank FDs then such investment are allowable under 80C
if Resident acrue income in foreign and doesn't taxed there if he remitted India is it taxable
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