FD interest

Tax queries 400 views 5 replies
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Asst. Manager - Finance
180 Points Joined September 2009
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
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GST Practitioner & Accounts
15045 Points Joined March 2014

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 . 

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On 23 July 2018 at 15:55
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Chartered Accountant
12739 Points Joined December 2016

it is only on saving account not in fd 

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On 23 July 2018 at 16:06
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Student
1511 Points Joined November 2017
total FD interest will be taxable and u can claim TDS deduction as deducted by bank 10%
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On 23 July 2018 at 16:28
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12244 Points Joined May 2017
agree with Mr. prasad, Mr. Naveen and Mr. sunil
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On 23 July 2018 at 23:05
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accountan
50 Points Joined July 2018

only saving bank interest us 80TTA

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On 24 July 2018 at 11:40


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