POST OFFICE MIS INTEREST

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Querist : Anonymous (Querist)


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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