Post office mis scheme
This query is : Resolved
17 December 2015
Sir, I have a MIS in post office of Rs. 3,00,000 /-. Can I avail deduction u/s 80c for this investment. If yes then how much amount I will get deduction?
The interest which I withdraw monthly Will it taxable in my hand? Is any deduction available for this?
Please help me.
Sir, I have a MIS in post office of Rs. 3,00,000 /-. Can I avail deduction u/s 80c for this investment. If yes then how much amount I will get deduction?
The interest which I withdraw monthly Will it taxable in my hand? Is any deduction available for this?
Please help me.
17 December 2015
80 C is not permitted for MIS. Interest is taxable. No deduction is allowed against the said interest.
17 December 2015
MIS is the 5 years time deposit. So, 80c not give permission for deduction?
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