Hello all,
can we claim section 80TTA and 80TTB deduction on NSC and KVP interest income?
Thanks.
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Section 80tta and 80ttb
Replies (9)
Not u/s. 80TTA, but only senior citizens can claim it u/s. 80TTB.
can we classify NSC and KVP interest as deposits with post office and allow deduction?
Yes, its small scale investment schemes operated through Post offices. So, exemption can be availed u/s. 80TTB.
How much deduction under 80TTA ?
Rs. 10000/-
80TTA is for sb interest received upto 10000 rupees
Is that deduction is available for all or only senior citizens ?
Available for all,
senior citizen can claim deduction under section 80ttb
senior citizen can claim deduction under section 80ttb
80TTB for senior citizens and 80TTA for all citizens
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