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POST OFFICE MIS INTEREST (Income Tax)

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This query is : Resolved

Author : Anonymous

( Author )
04 June 2011

POST OFFICE MIS INTEREST ARE EXEMPTED FROM TOTAL INCOME ?


CA. SANAT PYNE

( Expert )
04 June 2011

No, Interest on post office MIS is taxable under the haed Other Sources


Ashok Asthana

( Expert )
04 June 2011

However benifit of 80C can be availed on the amount deosited. Interest received is taxable.


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