fixed deposit/recurring deposit interest comes under 80TTA
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Fixed deposit/recurring deposit interest comes under 80TTA
Replies (14)
No it doesnt
that is basically goes to 80c
Please go through the link for Deduction on Interest Income: Under Section 80TTA/80TTB
https://www.caclubindia.com/articles/details.asp?mod_id=35011
https://www.caclubindia.com/articles/details.asp?mod_id=35011
only savings account interest will come under deduction
Interest from Fixed Deposit and recurring deposit comes under 80C, and if we talk about 80TTA - the only interest from the bank account.
No...
FD interest & RD** interest can't comes under 80C & 80tta.
It's fully consider "IFOS" and declare Incomes.
FD interest & RD** interest can't comes under 80C & 80tta.
It's fully consider "IFOS" and declare Incomes.
Interest from FD only comes under 80C if the deposit comes under 80C
for 80TTA only saving interest
Interest from FD only comes under 80C if the deposit comes under 80C
for 80TTA only saving interest
Interest from FD only comes under 80C if the deposit comes under 80C
for 80TTA only saving interest
Interest from FD only comes under 80C if the deposit comes under 80C
for 80TTA only saving interest
no...FD interest can not be claimed as deduction u/s 80TTA ...
No, It comes under 80C, and interest earned from bank saving account falls under 80TTA
only savings bank account/ post office savings bank account interest/ cooperative bank savings interest can be claimed under section 80TTA. Limit is 10000/-
Interest on FD is fully taxable.
Interest on FD /RD doesn't fall in preview of sec 87TTA. No Deduction/Exemption on Interest from FD or RD except Interest on FD or RD Received by a senior citizen subject maximum cap of Rs. 50000 including Interest on saving Account.
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