| Originally posted by : Rahul Rustagi | ||
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whether interest earned on RDs are deductible u/s 80TTA. ?? |  |
Any income by way of interest on deposits (not being time deposits) in a savings account deduction u/s 80TTA allowed
here Time Deposit Means the deposits repayable on expiry of fixed periods
Therefore in Your case RD is a deposit which is repayable after expiry of period so that you are not eligible for deduction u/s 80TTA
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