FD interest

Tax queries 402 views 5 replies
User Avatar

Asst. Manager - Finance
180 Points Joined September 2009
I have earned Rs. 20 k from Bank as FD interest and the Bank have deducted 10% TDS for that, while filing my ITR, will I be eligible to take rs.10 k benefit under section 80tta
0 Reply Share Follow
On 23 July 2018 at 15:40 Report
Replies (5)
User Avatar

GST Practitioner & Accounts
15049 Points Joined March 2014

Deduction under 80TTA  of the income tax act 1961 is not  avaliable for interest earn on Fixed deposits ,its only for interest on saving account . 

Reply
On 23 July 2018 at 15:55
User Avatar

Chartered Accountant
12739 Points Joined December 2016

it is only on saving account not in fd 

Reply
On 23 July 2018 at 16:06
User Avatar

Student
1511 Points Joined November 2017
total FD interest will be taxable and u can claim TDS deduction as deducted by bank 10%
Reply
On 23 July 2018 at 16:28
User Avatar

12244 Points Joined May 2017
agree with Mr. prasad, Mr. Naveen and Mr. sunil
Reply
On 23 July 2018 at 23:05
User Avatar

accountan
50 Points Joined July 2018

only saving bank interest us 80TTA

Reply
On 24 July 2018 at 11:40


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading