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Insertion of new section 80TTB- Deduction in respect of interest on deposits in case of senior citizens.

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....erest on deposits in case of senior citizens. '80TTB. (1) Where the gross total income of an assessee, being a senior citizen, includes any income by way of interest on deposits with- (a) a banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institution referred to in section 51 of that Act); (b) a co-operative society engaged in car....

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Insertion of new section 80TTB- Deduction in respect of interest on deposits in case of senior citizens.