income from post office
This query is : Resolved
10 June 2010
WHAT IS THE TAX TREATMENT FOR
(I) MONTHLY INCOME SCHEME OF POST OFFICE?
(II) BONUS RECEIVED FROM POST OFFICE ON MATURITY OF RECURING DEPOSIT?
(III) AMOUNT RECEIVED ON MATURITY OF RECURRING DEPOSIT?
NIDHI
(I) MONTHLY INCOME SCHEME OF POST OFFICE?
(II) BONUS RECEIVED FROM POST OFFICE ON MATURITY OF RECURING DEPOSIT?
(III) AMOUNT RECEIVED ON MATURITY OF RECURRING DEPOSIT?
NIDHI
10 June 2010
Pls. note following treatment on above:
> MIS plan monthly income is taxable
> Bonus received on RD maturity is also taxable
> Principal amount received is not taxable but diff. between total amount received & principal amount is taxable.
> MIS plan monthly income is taxable
> Bonus received on RD maturity is also taxable
> Principal amount received is not taxable but diff. between total amount received & principal amount is taxable.
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