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post office saving bank interest

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(Querist)
27 May 2010 whether interest received from post office saving bank account is exempt under income tax act or not????
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
27 May 2010 NOT EXEMPTED.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
27 May 2010 agreed, it is taxable.



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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
27 May 2010 Interest on post office savings bank account is tax free under section 10(15)(i)of the Income tax Act,1961 read with notification GSR 607(E) dated 9/6/1989.
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
27 May 2010 agreed with warrier ji,
regards,
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
27 May 2010 Exempt u/s 10(15)(i)
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
27 May 2010 thanks for update
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
27 May 2010 yes exempt




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