direct tax

Rohit Sahoo (75 Points)

16 October 2018

interest on fd
allowed as deduction us80cto u???

Reply
Follow
Share

7 Replies

Hitesh (Student) (3549 Points)
Replied 16 October 2018

No deduction on interest on fd. However interest on savings account up to 10000 is allowed under 80TTA.

1 Like

RAJA P M ("Do the Right Thing...!!!") (127153 Points)
Replied 16 October 2018

No... FD interest can't be deductible under sec 80TTA. SB interest only will be deductible.

Hitesh (Student) (3549 Points)
Replied 16 October 2018

Raja sir please reread what I have written.

RAJA P M ("Do the Right Thing...!!!") (127153 Points)
Replied 16 October 2018

Dear.,
Reply based on Query dear. It's not for Your reply's banned OR to You...

1 Like

Bhanu (hyderabad) (1651 Points)
Replied 16 October 2018

agreed with hitesh and raja pm

1 Like

Amish Maknojia (Student) (507 Points)
Replied 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

Rohit Sahoo (75 Points)
Replied 17 October 2018

if Resident acrue income in foreign and doesn't taxed there if he remitted India is it taxable

Start a New Discussion

view all classess

Forum Home