Exemption
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 October 2012
HELLO FREINDS
IS 5YEAR POST OFFICE RECURRING DEPOSITE IS EXEMTED UNDER INCOME TAX ACT OR NOT ????............. PLZ......... REPLY
IS 5YEAR POST OFFICE RECURRING DEPOSITE IS EXEMTED UNDER INCOME TAX ACT OR NOT ????............. PLZ......... REPLY
05 October 2012
No, Its not exemption and again interest on such deposit is taxable for income tax.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
05 October 2012
No interest will be taxable under I.T Act
Message likes :
1 times
06 October 2012
Exemption of so deposited amount its not available. Also the interest earned will be taxable.
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