20 October 2021
Assessee a senior citizen having business loss of Rs.1,78,287/- which is getting set off against Income from Other sources of Rs.1,99,452/- From income from other sources interest on f d is Rs.91,855/- which qualifies for deduction u/s 80TTB
My question is deduction u/s 80TTB will be available for Rs.50,000/- or Rs.21,165/- (199452-178287) Income tax online utility computes deduction at Rs.50,000/-
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