09 July 2015
CBDT vide order no 119 dated 10th June 2015 has extended the date for AY 2015-16 from 31st July 2015 to 31st August 2015.
The interest income is taxable but a exemption u/s 80TTA to the extend of Rs 10,000/- can be claimed for Saving bank interest. Please note the interest income from fixed deposits/ flexi deposits cannot be claimed as a deduction u/s 80TTA.
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