Section 80TTA: Deduction for Interest on Bank savings deposits (94 Views)
Traditionally, Section 80TTA has been introduced with effect from April 1st, 2013, and became applicable for Assessment Year 2013-14 and onwards.
This section was introduced with the intention to provide relief to the taxpayers towards their interest income on saving deposits.
The major centric entity under this section is only Individual taxpayers and HUF assessees are eligible to claim deduction under section 80TTA.
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