income from other sources
This query is : Resolved
12 July 2010
Is the following income is taxable
1)bonus received on postal savings at the time of maturity @10% on principal amount.
2)Intrest received on post office saving schemes.
1)bonus received on postal savings at the time of maturity @10% on principal amount.
2)Intrest received on post office saving schemes.
12 July 2010
1) Taxable under the head"income from other sources".
2) Taxable under the head "income from other sources" except the interest on post office savings account.
2) Taxable under the head "income from other sources" except the interest on post office savings account.
Message likes :
1 times
12 July 2010
Both interest & Bonus is Taxable. Only Interest received on Post Office saving Account is exempted.
Message likes :
1 times
12 July 2010
both are taxable under other sources
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- SFT Cash Deposit in Current Account
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
