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Direct Taxation
Sir in the last video 36 in that sum why are u made a deduction 80tta for ror.. This sec is only for non resident then y r u taking the amount for Leena. Leena is ror Video Details ------------- P3A - Income Tax (AY24_25) Chp 2 - Residence and Scope of Total Income #36. Illustration 16
Answers (3)
Sec 80TTA (Chapter VI A deductions) SB interest received can be claimed as deduction to a limit of Rs.10000. This is can be claim by each and every Resident and ordinary resident who is below the age of 60. Senior citizens can claim this deduction U/s 80TTB upto Rs.50,000 (both SB & FD Interest ).