Interest on Bank Deposits & eligibility for deduction u/s 80TTA Vs. 80TTB
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Presently, section 80TTA provides Rs 10,000/- deduction to all individual/HUF taxpayers. Section 80TTA of the Income Tax Act-1961 reads as…
80TTA
Differential Tax Treatment of Interest on Bank FDR – Senior vs. Non senior Citizens
Deduction in respect of interest on deposits in savings account. Section 80TTA: (1)Where the gross total income of an assessee, being…