Interest on r.d (post office)
This query is : Resolved
12 March 2012
1. is Interest & Investment on R.D (post office ) qualifies for any Tax rebate / Exemption under the Income tax act. If yes under which section of the act.
12 March 2012
Interest on RD Post office is not exempt only PPF Interest is exempt.
12 March 2012
interest on Post Office also does not qualify for any rebate. Only Post officer NSC 8th Issue qualifies for deduction u/s.80C
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