4 Replies
Shahid Saifi
(none)
(67 Points)
Replied 16 August 2020
No, FD is specifically excluded from the section
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 16 August 2020
No, Deduction under section 80TTA covers only interest from saving bank accounts, not FD.
Interest from FD is covered under section 80TTB, but Deduction u/s 80TTB is allowed only to senior citizens
Interest from FD is covered under section 80TTB, but Deduction u/s 80TTB is allowed only to senior citizens
Vijay Prakash
(155 Points)
Replied 16 August 2020
Interest from Savings bank account comes under 80TTA.
Santosh jaiswal
(281 Points)
Replied 16 August 2020
No only saving account interest comes under 80TTA
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