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FD interest
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
Replies (5)
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 .
it is only on saving account not in fd
total FD interest will be taxable and u can claim TDS deduction as deducted by bank 10%
agree with Mr. prasad, Mr. Naveen and Mr. sunil
only saving bank interest us 80TTA
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