Deduction on RD

veera (self) (289 Points)

31 August 2019

can we claim deduction of post office rd a/c under income tax?

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Kapadia Pravin (17259 Points)
Replied 31 August 2019

Under 80TTA. - NO
Under 80TTB - YES

veera (self) (289 Points)
Replied 31 August 2019

is post office 5yr rd falls under 80c?

Kapadia Pravin (17259 Points)
Replied 31 August 2019

No sir. RD of post office not falling under 80C
Post office 5 year NSC falls under 80C

veera (self) (289 Points)
Replied 31 August 2019

how to show mis (monthly income scheme) under income tax?

Kapadia Pravin (17259 Points)
Replied 31 August 2019

Interest on MIS is under Income from other sources.
If senior citizen , then 80TTB deduction you may claim as it's in the form of term deposit

veera (self) (289 Points)
Replied 31 August 2019

i am not a senior citizen should i have to show it under IFOS, BY selecting 2nd option from drop down list?

Kapadia Pravin (17259 Points)
Replied 01 September 2019

Yes
But no 80TTA deduction available on this

veera (self) (289 Points)
Replied 01 September 2019

sir jo amt hume mis k maturity k tme pr milege usko hume itr mai kaha report krna hoga.

or rd k case mai maturity wale amt ko itr mai kaha pr report krna hoga.

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