Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Category of Documents

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 

TMI Blog

Home List
← Previous Next →

Insertion of new section 80TTB- Deduction in respect of interest on deposits in case of senior citizens.

inserted with effect from the 1st day of April, 2019, namely:- Deduction in respect of interest on deposits in case of senior citizens. 80TTB. (1) Where the gross total income of an assessee, being a senior citizen, includes any income by way of interest on deposits with- (a) a banking company to which the Banking Regulation Act, 1949 (10 of 1949), applies (including any bank or banking institutio .....

X X X X X X X

Full Text of the Document

X X X X X X X

duals, 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, senior citizen means an individual resident in India who is of the age of sixty years or more at any time during the relevant previous year. . - Statu .....

X X X X X X X

Full Text of the Document

X X X X X X X

 

 

← Previous Next →

 

 

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map ||