Tax Savings
Excellent commerce point > Tax Savings
Deductions, Rebate and Reliefs
13
Oct
Deductions, Rebate and Reliefs Question 1.Write short flotes on deduction under Section TTA in respect of interest from banks. (June 2014, 4 marks)Answer:80TTAIndividual/HUF – Eligible AssesseeInterest on savings account with a Scheduled Bank, or a Co-operative Bank or Post Office Upto ₹ 10,000.Section – 80 TTB(Deduction in respect of Interest on Deposits in case of Senior […]
Set Off & Carry Forward of Losses
13
Oct
Set Off & Carry Forward of Losses Question 1.Write short note on the following:Losses which cannot be carried forward for set 6ff when the return of income Is not filed within the ‘due dEW specified under section 139(1). (June 2019, 5 marks)Answer: .Losses which cannot be carried forward where ROI is flied belatedly: Section 8.0 […]