Section 80tta

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ARTHI (Querist)
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06 September 2014 Dear Experts,

Kindly reply to the following query:

Whether Income Tax Section 80TTA has any limitation for it’s applicability to an Individual Assessee, whose Total Income is above Rs.5 Lacs.

Please confirm, is there any limit of Total Income for Individual Assessee.

Also, please provide any supporting URL for me to go through and understand.

Thanks a lot in advance for doing the needful to all.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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06 September 2014 No. There is no total income criteria.

Check out section 80TTA from Income Tax Website from link given below--

http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=314b28f4-175e-4b65-b10a-af77f5cb0238&rdb=sec&yr=793705f8-299b-490d-b041-fa75985a619b&sec=80tta&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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06 September 2014 Further, whenever you have any doubt go to link given below and check out the relevant section from Income Tax Website.

http://law.incometaxindia.gov.in/DIT/Income-tax-acts.aspx

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