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..... unt. 80TTA. (1) Where the gross total income of an assessee, being an individual or a Hindu undivided family, includes any income by way of interest on deposits (not being time deposits) in a savings account with (a) a banking company to which the Banking Regulation Act, 1949, (10 of 1949) applies (including any bank or banking institution referred to in section 51 of t .....

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..... in a savings account held by, or on behalf of, a firm, an association of persons or a body of individuals, no deduction shall be allowed under this section in respect of such income in computing the total income of any partner of the firm or any member of the association or any individual of the body. Explanation . For the purposes of this section, time deposits means the deposits .....

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..... ding a co-operative land mortgage bank or a co-operative land development bank); or (iii) a post office as defined in clause (k) of section (2) of the Indian Post Office Act, 1898. This amendment will take effect from 1st April, 2013 and will, accordingly, apply in relation to the assessment year 2013-2014 and subsequent assessment years. - statute, statutory provisions legislation, law, .....

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