Menu
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
Recent Threads
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
- Rcm invoices and normal invoice
- Regarding STCG on Equity
- GSTR 9 details with same PAN & different Turno
- Hotel ITC
- ITR for Trust- 12A
Related Threads
CAclubindia
