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form of itr1
deduction 80 tta include fixed deposit interest income ? or fixed deposit interest income can not be included in deduction ?
Replies (3)
No. Section 80TTA deduction is over saving bank interest (subject to Rs. 10K) and not for FD interest.
thank you sir for your reply , ithen my query is :sir is it my fd interest income come under any deductions rule ? and 80ttb is available for this year for senior citizen ?
1. 80TTB applicable from AY 2019-20. i.e. from current financial year.......
2. FD interest is included in total income under head IFOS...... and general deductions are available over this total income, so that way it gets deduction overall; but no specific deduction for FD interest income.
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