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direct tax

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75 Points Posted on 16 October 2018
interest on fd
allowed as deduction us80cto u???
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On 16 October 2018 at 20:34 Report
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Student
3549 Points Posted on 16 October 2018
No deduction on interest on fd. However interest on savings account up to 10000 is allowed under 80TTA.
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On 16 October 2018 at 20:38
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"Do the Right Thing...!!!"
128152 Points Posted on 16 October 2018
No... FD interest can't be deductible under sec 80TTA. SB interest only will be deductible.
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On 16 October 2018 at 21:14
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Student
3549 Points Posted on 16 October 2018
Raja sir please reread what I have written.
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On 16 October 2018 at 21:15
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"Do the Right Thing...!!!"
128152 Points Posted on 16 October 2018
Dear.,
Reply based on Query dear. It's not for Your reply's banned OR to You...
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On 16 October 2018 at 21:17
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hyderabad
1653 Points Posted on 16 October 2018
agreed with hitesh and raja pm
1 Reply
On 16 October 2018 at 21:25
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Student
507 Points Posted on 17 October 2018
Interest on FD is fully taxable however if money is invested in 5-year Bank FDs then such investment are allowable under 80C
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On 17 October 2018 at 01:00
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75 Points Posted on 17 October 2018
if Resident acrue income in foreign and doesn't taxed there if he remitted India is it taxable
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On 17 October 2018 at 08:49


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