ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Which of the following section deals with deduction in

    respect of Interest on deposits in savings/FD account in case of resident senior citizens?
    A 80TTA Correct Answer Incorrect Answer
    B 80C Correct Answer Incorrect Answer
    C 80D Correct Answer Incorrect Answer
    D 80TTB Correct Answer Incorrect Answer
    E 80GGB Correct Answer Incorrect Answer

    Solution

    Section 80TTB allows a deduction of up to Rs. 50,000 in respect of interest income on all types of deposits (savings, fixed, recurring, etc.) for resident senior citizens (individuals who are 60 years of age or above).

    Practice Next
    More Accounts Questions

    Relevant for Exams:

    ask-question