My P.Y. i show a business loss and i have Interest on saving 80TTA Rs. 10000.00 but they disallowed and i was demanding for the same
so is it ture that we can't get deduction if we don't have income.
Regards,
Haresh Hemani
haresh hemani (8 Points)
16 July 2019My P.Y. i show a business loss and i have Interest on saving 80TTA Rs. 10000.00 but they disallowed and i was demanding for the same
so is it ture that we can't get deduction if we don't have income.
Regards,
Haresh Hemani
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182959 Points)
Replied 16 July 2019
Sec. 80TTA deduction is available only against savings account interest offered to assessment u/h. IFOS in ITR. (max. 10000/-)
If not declared, plain deduction not allowed.
rishabhsharma
(Article Assistant)
(140 Points)
Replied 17 July 2019
have you shown interest income in other sources?
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 24 July 2020
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies