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?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).
More Accounts Questions
850, 849, 841, 814, 750, 688
Find the wrong number in the given number series.
7, 10, 16, 25, 37, 52, 70
12, 18, 40, 90, 270, 945
- Find the wrong number in the given number series.
12, 16, 25, 50, 99, 200 3, 6, 18, 90, 630, 5670
Find the wrong number in the given number series.
8.6, 11.3, 16.7, 24.2, 35.6, 49.1
4, 5, 12, 39, 160, 806
556, 547, 483, 458, 242, 196
Find the wrong number in given series.
1868, 1875, 1883, 1946, 1980, 2185
99Â 124Â Â 160Â Â 209Â Â 273Â Â 355Â Â 454
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