Hello all,
can we claim section 80TTA and 80TTB deduction on NSC and KVP interest income?
Thanks.
rishabhsharma (Article Assistant) (140 Points)
22 April 2019Hello all,
can we claim section 80TTA and 80TTB deduction on NSC and KVP interest income?
Thanks.
Madhuri Sol
(other)
(284 Points)
Replied 22 April 2019
Not u/s. 80TTA, but only senior citizens can claim it u/s. 80TTB.
rishabhsharma
(Article Assistant)
(140 Points)
Replied 22 April 2019
can we classify NSC and KVP interest as deposits with post office and allow deduction?
Kutty Dhanush
(other)
(317 Points)
Replied 22 April 2019
Yes, its small scale investment schemes operated through Post offices. So, exemption can be availed u/s. 80TTB.
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 31 July 2021
Priya Sharma
(Account Manager)
(167 Points)
Replied 31 July 2021
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 31 July 2021
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