Easy Office
LCI Learning

post office mis bonus received

This query is : Resolved 
Profile Image

Profile Image

(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?
Profile Image

CA.BHARAT BHUSHAN

Profile Image

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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links