POST OFFICE MIS INTEREST

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Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2011 POST OFFICE MIS INTEREST ARE EXEMPTED FROM TOTAL INCOME ?

CA Sanat Pyne (Expert)
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04 June 2011 No, Interest on post office MIS is taxable under the haed Other Sources

Ashok Asthana (Expert)
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04 June 2011 However benifit of 80C can be availed on the amount deosited. Interest received is taxable.

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