Intt. On Post Office Savings Bank A/C
This query is : Open
26 July 2009
whether Intt. on Post Office Savings Bank A/C is exempt From TaxU/S 10(15) (i)
26 July 2009
plz tell me under which head income from fdr made by firm taxable.is donation allowed from income from other sources
26 July 2009
To Mr.Vishal
If the FDR is in relation the business, interest thereon is business income. Otherwise such interest is to be offered for taxation under the head'income frome other sources.
If the FDR is in relation the business, interest thereon is business income. Otherwise such interest is to be offered for taxation under the head'income frome other sources.
26 July 2009
To Mr.Ankit
Interest on Post Office savings bank account is exempt u/s 10(15)(i) of the Income tax Act,1961.
Interest on Post Office savings bank account is exempt u/s 10(15)(i) of the Income tax Act,1961.
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