Can interest on Senior Citizen Saving Scheme be included for claiming deduction u/s 80TTB for the FY 2018-19?
Officially, there is no notification on this. But, I believe that Section 80ttb provides for exemption of interest received on deposits in banks, cooperative societies engaged in banking business or a post office. Investment in Senior Citizens’ Savings Scheme qualifies as a ‘deposit’ in a post office.
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Can NRI/OCI senior citizen claim 80TTB for the ICIC and Axis Bank FD in India ?