Poonawalla fincorp
Poonawalla fincorp

Interest on sb / sweep a/c u/s.80tta

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 December 2015 Whether interest received from sweep transfer from saving bank a/c is allowed as deduction u/s.80TTA ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
01 December 2015 No. Not allowed. Deduction is available only for Savings Bank Interest.

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