Business Standard

Claim deduction either under Section 80 TTA or 80 TTB, but not both

Exemption under Section 10(15)(i) can be availed in conjunction with 80 TTA or 80 TTB

ITR filing
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Bindisha Sarang Mumbai
Pre-filled income-tax return (ITR) forms make an assessee’s task easier as she doesn’t have to enter all the information in each and every place in the form herself. At the same time, assessees shouldn’t blindly trust the pre-filled data as it is not always error-free. If, for some reason, a person fails to report all the income earned by her from all her deposit accounts, either intentionally or otherwise, she is liable to penal provisions. The assessee can’t blame the pre-filled forms for failing to capture the correct data.  

While keeping the above point in mind, taxpayers must familiarise themselves

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First Published: Jun 21 2022 | 5:59 PM IST

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