post office mis bonus received
This query is : Resolved
29 June 2009
Is Income Received From Post Office Monthly Income Scheme [M.I.S.] is Taxable?
If Taxable/Exempt than under what section?
If Taxable/Exempt than under what section?
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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