Sec 80 TTA (Rs.10,000 deduction for Interest on Bank Savings A/c) is applicable from AY 2012-13 or from AY2013-14? It came in Finance Act 2012 ; but from which AY is it made applicable?
3 Replies
Tony John
(Chartered Accountant)
(6085 Points)
Replied 17 July 2013
Its wef AY 2013-14.
Let others also comment.
CA. Kunal Lakhotia
(ACA)
(1006 Points)
Replied 17 July 2013
it is applicable for income earned wef 1/4/2012, i e., for AY 2013-14
Amol
(Accounting)
(434 Points)
Replied 19 July 2013
Thank You Tony & Kunal Sir for your prompt replies.
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