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FD interest

Tax queries 432 views 5 replies
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Asst. Manager - Finance
180 Points Posted on 23 July 2018
I have earned Rs. 20 k from Bank as FD interest and the Bank have deducted 10% TDS for that, while filing my ITR, will I be eligible to take rs.10 k benefit under section 80tta
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On 23 July 2018 at 15:40 Report
Replies (5)
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GST Practitioner & Accounts
15083 Points Posted on 23 July 2018

Deduction under 80TTA  of the income tax act 1961 is not  avaliable for interest earn on Fixed deposits ,its only for interest on saving account . 

24 Reply
On 23 July 2018 at 15:55
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Chartered Accountant
12739 Points Posted on 23 July 2018

it is only on saving account not in fd 

40 Reply
On 23 July 2018 at 16:06
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Student
1511 Points Posted on 23 July 2018
total FD interest will be taxable and u can claim TDS deduction as deducted by bank 10%
6 Reply
On 23 July 2018 at 16:28
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12244 Points Posted on 23 July 2018
agree with Mr. prasad, Mr. Naveen and Mr. sunil
35 Reply
On 23 July 2018 at 23:05
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accountan
50 Points Posted on 24 July 2018

only saving bank interest us 80TTA

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On 24 July 2018 at 11:40

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