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.
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12 July 2010
Both interest & Bonus is Taxable. Only Interest received on Post Office saving Account is exempted.
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12 July 2010
both are taxable under other sources
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