Section 80L
Deductions in respect of interest on certain securities, dividends, etc.
Quick Answer
Section 80L (Deductions in respect of interest on certain securities, dividends, etc.) has been deleted under the Direct Tax Code 2025, effective 1st April 2026.
Sec 80L
Provision Summary
Historically provided a deduction up to Rs. 15,000 for interest from banks, post offices, and dividends.
Deleted
Provision Summary
NA. Deleted long ago. This was effectively the predecessor to the current Section 80TTA/80TTB.
Key Changes & Highlights
- Concept modernised into specific targeted interest deductions.
Related Sections
Frequently Asked Questions
What does Section 80L of the Income Tax Act 1961 deal with?
Section 80L (Deductions in respect of interest on certain securities, dividends, etc.) Historically provided a deduction up to Rs. 15,000 for interest from banks, post offices, and dividends.
Is Section 80L of the ITA 1961 still applicable under DTC 2025?
Section 80L has been deleted under the Direct Tax Code 2025. NA. Deleted long ago. This was effectively the predecessor to the current Section 80TTA/80TTB.
What is the status of Section 80L under the new tax code?
Section 80L is marked as "Deleted" with status "Deleted". Impact: Medium - Often referenced in very old case laws.
What are the key changes to Section 80L under DTC 2025?
Concept modernised into specific targeted interest deductions.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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