Poonawalla fincorp
Poonawalla fincorp

Section 80tta

This query is : Resolved 
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(Querist)
05 October 2012 As per section 80TTA deduction of upto 10000 is available for interest on bank deposits.
Is this applicable to interest from fixed deposits.
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
05 October 2012 No, Applicable Only on Pure Interest Income on Saving Accounts Only.

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