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post office mis bonus received

This query is : Resolved 
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(Querist)
29 June 2009 Is Income Received From Post Office Monthly Income Scheme [M.I.S.] is Taxable?
If Taxable/Exempt than under what section?
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CA.BHARAT BHUSHAN

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CA.BHARAT BHUSHAN (Expert)
29 June 2009 MIS Bonus is an additional amount paid alongwith the principle amount and is in the nature of additional interest, hence taxable under income from other sources.
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