Hello Professinal Friends
I have following 2 incomes for FY 2016-2017
1) of Rs3000 incoming INTEREST from Saving Bank ac
2) FD interest income of Rs15000
3) Age52yrs NO job / No Business
under What heading and section I should SHOW above income while online filing?
Please clarify
Adv Thanks
reg
Balaji Subbu
Sir, both are your income from other sources. You can claim ded U/S 80TTA of your interest from saving upto Rs 10,000/-
both are taxable under income from other sources u can claim deduction u/s80TTA for interest from savings account but u cannot claim deduction u/s80TTA for interest from fixed deposits/term deposits.
1) Other Source
2) Other Source.
Notes)
You don't need to provide section of Other source income.
80TTA is only available on interest received fron savings bank accounts with rs. 3,000/- as per your income.
INTEREST INCOME FROM OTHER SOURCES INCOME
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