Interest on fixed deposit

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TDS on interest on fixed deposit has been deducted @ 10% and disclosed in form 26as but income of the asseeses cross 5lac rupees and so there is tax liability so my question is whether that income will be fully taxable or can we claim deduction u/s 80TTA for that...?
Replies (7)

How can you claim deduction u/s. 80TTA, for FD interest?

Ask for (or download) interest certificate for the FY from bank (or netbanking), sometimes it figures lesser amount ......

deduction u/s 80tta is only for savings bank interest and not interest on f.d's.....
Thank very much to both of you for your reply actually interest amount is properly mentioned but tds as per section 194a is deducted @ 10% which is proper as per rules but here total income exceeds 5lac rupees so it falls in the 20% slab and tds for the other income is also deducted properly so now extra liability to the extent of the interest on f.d. is arising so I was trying to find some way so that tax remains equal to tds....
No way...
But, You have any other deductions then compute the details and less your Tax Liabilities...
Thank you very much sir for your reply so can I claim deduction details of which is not submitted to employer and so which are not shown in form 16? and by doing that is there any chances of query because it will lead to mismatch between form 16 and ITR? please guide me in this regard....
if u have the proof ,u can go vth it.....if notice comes....u have the stand..
Thank you sir for your reply...


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