Section 80tta
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2014
While filling income tax return i added interest i got on saving account and also added same amount in section 80 TTA. now i got demand notification from IT department declining deduction under section 80 TTA. Whether it is mistak of IT department or what?
What should be next step?
Shall i request for Rectification?
How to do it?
What should be next step?
Shall i request for Rectification?
How to do it?
05 September 2014
Yes you are eligible for deduction u/s 80TTA upto Rs 10000. Interest to be shown in Other Income Sheet under Interest and deduction of Rs 10000 or actual whichever is less is claimed. Remember deduction is only for savings bank interest. So please check with your details the reason for disallowance.
05 September 2014
Dear Friend,
Deduction u/s. 80 TTA is available upto Rs.10,000/-, kindly check interest on saving account you have shown is within this limit.
If there is no mistake from you end then go for rectification.
Deduction u/s. 80 TTA is available upto Rs.10,000/-, kindly check interest on saving account you have shown is within this limit.
If there is no mistake from you end then go for rectification.
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2014
Mr. Sanjay Gupta, thankyou very much i got my mistake i shown interest in income from salary head, that i need to show in other income head right........ now pl guide me how to correct that mistake shall i file request for recitfication how to do it online??
05 September 2014
Kindly submit a revised return for the said assessment year to rectify the mistake.
05 September 2014
Since you did no show the interest under Other Income in Interest column the claim for deduction u/s 80TTA was not given.
Solution:
If the original return was filed within due date and the return is for AY 2013-14 or AY 2014-15 then you can file revised return otherwise you need to submit online request for rectification u/s 154.
Solution:
If the original return was filed within due date and the return is for AY 2013-14 or AY 2014-15 then you can file revised return otherwise you need to submit online request for rectification u/s 154.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
