Just a moment...

⚠✕
Report
FeedbackReport
Bars
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error ✕
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS
PrevPreviousNextNext

Deduction in respect of interest on deposits in case of senior citizens - Section 80TTB

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....amendment is effective from 1st April, 2019. However, no deduction under section 80TTA shall be allowed in these cases. Quantum of deduction A deduction of lower than ₹ 50,000 or an amount from a specified income is allowed from the gross total income. Specified income includes: * Interest on bank deposits (savings or fixed) * Interest on deposits held in a co-operative society engag....

PrevPreviousNextNext