Dear Sir,
Can a Senior citizen will get both the benefits of u/s -80TTB, Rs.50,000/- &
exemption, U/s- 10(15)(i),Rs.1500/-
Post Office Savings account Interests.
Thanks.
Yes.
3 Replies
Vineet Agrawal
(Chartered Accountant)
(39 Points)
Replied 06 May 2019
yes. senior citizen will get both the benefits of 1500 & 50,000.
Income u/s 10 is exempt income & wont form part of total income.
however income u/s 80ttb is allowed as deduction which means it will form part of total income and then allowed as deduction.
sukumar ghosh
(109 Points)
Replied 07 May 2019
Dear Sir,
Thank you for taking out some time of yours and participating in this dialogue.
Thank you for taking out some time of yours and participating in this dialogue.
Recent Topics
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
- Claim if ITC on stocks 19-2020 conversion from com
- Urgent doubt on GST
Related Threads
CAclubindia
