15 December 2021
Assessee having HP Income and also does maintenance of said property for which separate amount is charged from Tenants. The expenditure on Maintenance is more than Income thus leading to overall loss which is being shown under head" Income from Other Sources" and the same is being set off against HP Income. Assessee being senior Citizen received Interest on FDR of Rs.50000/- Income from Other sources Loss from Building Maintainence-300000 Interest on FDR-50000 Net Loss under the "Income from Other Sources-250000
Can He claim deduction against Interest on FDR u/s 80TTB after overall set off of rs.250000/- from HP income?
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