fixed deposit interest – smeaccountant

Conceptual image of tax deductions with alphabet blocks and percent symbol on black surface.

ITAT Ahmedabad Approves Section 80P Deduction on Co-operative Bank FD Interest

ITAT Ahmedabad allows Section 80P(2)(d) deduction on fixed deposit interest earned from co-operative banks, aligning with the Gujarat High Court precedent.

Prasenjit Bhowmik October 14, 2026