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Deduction under 80 tta

This query is : Resolved 
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(Querist)
04 June 2013 Banks now a days are offering FD linked a/c wherein liquid cash in saving a/c is converted to FD automatically but can be withdrawn anytime as in saving a/c.is the interest received from such FD's eligible for deduction under 80 TTA.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
21 June 2013 No. Interest on Time deposits are not eligible for deduction u/s.80TTA

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