Sir
I am a senior citizen so I can claim F/D interest on bank F/D
in A-Y 2019-20 under section 80TTB.My question is whether
I am eligible to claim deduction
under section 80TTA For S/B interest
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Exemption under IT section 80TTA
Replies (9)
Yes upto 50,000/- Rs.
No you cannot claim 80TTA you can only claim 80TTB
80TTB is from 01.4.2019 so for FY 2018-19 80TTA can be claimed
Ruchika Ma'am it is applicable from For F.Y 2018-19
No kishan. Check income tax site
I concur with Krishna Kant sir... either of the one deductions can be claimed and not both
That's what I was saying Ruchika ji.. It is applicable from 1.4.19 which is A.Y not P.Y hence this is applicable for F.Y 18-19
But thats from AY 2019-20 krishna
You can claim deduction as per section 80 TTB only ( Rs. 50,000)
Interest on all kinds of Deposit.
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