Section 80TTA & 80TTB of Income Tax Act | Deduction on Interest Income

Commerce Wale
Commerce Wale
1.9 هزار بار بازدید - 4 سال پیش - Under Section 80TTA of I-T
Under Section 80TTA of I-T Act, an individual can claim deduction of up to Rs 10,000 being the interest received on deposit in a saving account.

Section 80TTB - Deduction on Interest income for senior citizens u/s 80TTB from AY 2019-20.
In this video We will see how senior citizens can take a deduction u/s 80ttb. This deduction is applicable when any interest income arises. We can claim deduction in Income tax return from AY 2019-20.

If you are earning income from interest on FD, Saving Bank or any other interest then you have to show this income in income tax return and also you can claim deduction u/s 80TTA & 80TTB. In this video i explained section 80TTA & 80TTB and how to show interest income in income tax return and claim dedcution. Income tax retrun filing for A.Y. 2020-21 is near and you can file income tax return yourself after watching this video

Section 80TTA helps to reduce tax liability.
Section 80TTA is a deduction from interest income.
Deduction under chapter VI A 2020-21 explained in hindi.
Post office interest, Bank Interest is required to disclose in ITR form and deduction available up to ₹ 10,000.

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In this video I shared:
How to file income tax return for F.Y. 2019-20 & A.Y. 2020-21 for income from interest,
How to show interest income in itr,
Section 80TTA,
Section 80TTB,
80TTA,
80TTB,
Deduction of interet on FD,
Deduction on interest,
Interest deduction under income tax act,
interest exemption in itr,
how to get refund of tds on FD,
TDS on FD,
ITR for Interest income,
Commerce Wale

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Commerce Wale
Commercewale
4 سال پیش در تاریخ 1399/06/12 منتشر شده است.
1,978 بـار بازدید شده
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