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Section 80ttb of it act

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(Querist)
05 August 2019 Is interest received from RBI (Taxable) Bonds exempt from Income Tax upto Rs. 50,000/- for a Senior Citizen under Section 80TTB of IT Act, 1961?
K.A. Narayanan
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 August 2019 Interest earned on bonds and debentures would not qualify for deduction under this section.

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