Is interest earned in NRO Savings Account eligible for deduction u/s 80TTA?

July 3, 2015 Income Tax 0

Mr.Ramakanth, a Non Resident Indian (NRI) working at USA is holding Non-Resident Ordinary (NRO) Account in State Bank of India. During the Financial Year 2014-15, he has earned Rs.16000 towards interest on NRO Savings Account. He wants to know the eligibility of claiming deduction u/s 80TTA. Deduction U/s 80TTA …

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Is interest earned in NRO Savings Account eligible for deduction u/s 80TTA?

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