Deduction u/s 80TTB of Income Tax Act, 1961, shall be allowed if the Total Income includes:

CS Executive · Tax Laws · PYQS · December 2022
Deduction u/s 80TTB of Income Tax Act, 1961, shall be allowed if the Total Income includes:
(A) interest on deposits in a Savings Account with a Bank or Post Office
(B) interest on deposits in a Savings Account with a Cooperative Bank
(C) interest on deposits in a Fixed Deposit Account with Bank or Post Office
(D) any of the above

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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