1- interest received from Savings Rs.455/- 2 - interest received from Recurring Deposit as above,
In ITR-2, i shall show Rs.455/-as interest income from other source and claim deduction u/s 88TTA, but where do I show interest from recurring..should i show total amount (interest from saving + interest from recurring as income from other sources, and claim only Rs.455/- u/s 80TTA...plz reply
24 January 2015
Manoj Ji you are correct in your observation.
Show interest from saving + interest from recurring as income from other sources, and then claim deduction of Rs.455/- only u/s 80TTA. RD interest is not eligible for deduction u/s 80TTA.
In individual having following income & activities... 1-income from salary 2-income from other sources 3-he also involve in share trading and having short term/long term gain and dividend income..I want to know which ITR SHOULD HE FILE...THANKS & REGARDS
CAclubindia
