Interest deduction on deposits available for interest from banks, cooperative banks, and post office deposits. An assessee can claim a deduction under Section 80TTB in respect of the interest earned on deposits (including fixed deposits) held with a banking company ... Summary
Interest deduction on deposits available for interest from banks, cooperative banks, and post office deposits.
An assessee can claim a deduction under Section 80TTB in respect of the interest earned on deposits (including fixed deposits) held with a banking company (including any bank or banking institution); a co-operative society engaged in banking business (including co-operative land mortgage bank or co-operative land development bank); or a post office.
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