Deduction under Section 80TTA available to individuals and HUFs for savings account interest; senior citizens must use Section 80TTB. An individual or Hindu Undivided Family deriving interest on savings account deposits may claim the deduction under Section 80TTA, available irrespective ... Summary
Deduction under Section 80TTA available to individuals and HUFs for savings account interest; senior citizens must use Section 80TTB.
An individual or Hindu Undivided Family deriving interest on savings account deposits may claim the deduction under Section 80TTA, available irrespective of residential status; senior citizens must instead claim the separate senior-citizen deduction under Section 80TTB and may not claim Section 80TTA for the same interest.
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