INterestON MIS
This query is : Resolved
16 July 2010
Interest On MIs Will Be exempt Or Not If EXempt then which section
16 July 2010
I think you are talking about Monthly Income Scheme of Post Office.
Interest is taxable under the head Income from Other sources.
Interest is taxable under the head Income from Other sources.
16 July 2010
Agreed, Interst on Monthly Income scheme is taxbale under Income from other sources.
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