Sec.80TTA & 80TTB

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47 Points Posted on 10 December 2021
Whether deduction of interest of Rs.10,000/- and Rs.50,000/- u/s 80 TTA and 80TTB are allowed for FY.2020-21?
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On 10 December 2021 at 15:14 Report
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Quick Summary
This discussion clarifies the deductibility of interest income under Sections 80TTA and 80TTB of the Income Tax Act for the Financial Year 2020-21. It specifically addresses whether an individual resident can claim deductions of Rs. 10,000/- and Rs. 50,000/- respectively. The nature of the assessee is a key factor in determining eligibility.

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28271 Points Posted on 10 December 2021
Nature of assesse is pertinent.
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On 10 December 2021 at 16:29
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47 Points Posted on 11 December 2021
Individual resident .
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On 11 December 2021 at 13:21

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