post office MIS maturity & Bonus taxability
This query is : Resolved
01 July 2010
Dear sir
please give your views on captioned subject ie whether mis maturity & bonus taxable or not as there are difference in views of colleagues if yes under which head of income please also confirm that mis interest recd yearly will be taxable under income from other sources
CA RAJEEV
9415244134
please give your views on captioned subject ie whether mis maturity & bonus taxable or not as there are difference in views of colleagues if yes under which head of income please also confirm that mis interest recd yearly will be taxable under income from other sources
CA RAJEEV
9415244134
Sunil Kr. Sanganeria
(Expert)
02 July 2010
I think you are talking about Monthly Income Scheme of Post Office.
Both Interest and Bonus received on Maturity is taxable under the head Income from Other sources.
Both Interest and Bonus received on Maturity is taxable under the head Income from Other sources.
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02 July 2010
thanks
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