Hello all,
can we claim section 80TTA and 80TTB deduction on NSC and KVP interest income?
Thanks.
9 Replies
Madhuri Sol
(other)
(284 Points)
Replied 22 April 2019
Not u/s. 80TTA, but only senior citizens can claim it u/s. 80TTB.
rishabhsharma
(Article Assistant)
(140 Points)
Replied 22 April 2019
can we classify NSC and KVP interest as deposits with post office and allow deduction?
Kutty Dhanush
(other)
(317 Points)
Replied 22 April 2019
Yes, its small scale investment schemes operated through Post offices. So, exemption can be availed u/s. 80TTB.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 31 July 2021
80TTA is for sb interest received upto 10000 rupees
Priya Sharma
(Account Manager)
(167 Points)
Replied 31 July 2021
Is that deduction is available for all or only senior citizens ?
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
Available for all,
senior citizen can claim deduction under section 80ttb
senior citizen can claim deduction under section 80ttb
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 31 July 2021
80TTB for senior citizens and 80TTA for all citizens
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