80tta

Tax planning 299 views 2 replies

Can we claim 80TTA for interest received from treasury savings bank a/c?

Replies (2)

Deduction under section 80TTA is available in respect of any income (Interest on SB A/c) by the way of deposits in a saving account with :

1. Bank

2.  Co-Op society engage in banking business

3. Post Office

So it means that interest received from treasury savings bank is not eligible for deduction u/s 80TTA. Thanks.


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