banner_ad

Income tax return

Tax queries 696 views 11 replies

if i filling my ITR 1 and dont want to give my bank interest details then can i file my ITR 1 AS  I DONT KNOW MY INTEREST EXACTLY AND DONT WANT 80 TTA DEDUCTION

Replies (11)

You have to provide Bank detail in your ITR.. if you do not have Interest Income detail than also you can file your ITR as Interest upto Rs.10,000/- is allowable u/s 80TTA.

Bank interest amount can be traced from your bank passbook (get it up to date).

Get yr statement/passbook n get interest from there.

if I don't want to claim any 80TTA deduction than

Is your Savings bank interest above 10K??

no my interest is very low

If your interest less than 10000

then its okkk 

If interest amount is low (below rs 10,000) then not so required to show it, you may ignore it.

U need to show the bank account interest and claim deduction. If u don't want to show ur bank account interest then this would lead to concelment of income and penalty may be initiated. Even though the deduction can be claimed under s.80TTA 

A LLP formed on 02/01/2016. and it has loss of Rs. 13,00,000/- in financial year 2015-16.

Is it liable for Tax Audit ???

Q.     if i filling my ITR 1 and dont want to give my bank interest details then can i file my ITR 1 AS  I DONT KNOW MY INTEREST EXACTLY AND DONT WANT 80 TTA DEDUCTION

Answer:

              It Depends Upon your int if it <10000 you can proceed,

            if its > 10000 it leads to concelalment of income and penality will be levied .............

 

 

                    


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details