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Postal rd

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 December 2012 dear all
how to treat post maturity interest received on postal recurring deposit in tax?
is it allowable as deduction u/s 80L (iiia)?
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Durgesh Joglekar

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Durgesh Joglekar (Expert)
14 December 2012 80L is no more now... and taxability on postal RD interest is depends upon method you choose u/s 145 of income tax act.

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