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Receipts on post office mis

This query is : Resolved 
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(Querist)
10 March 2017 Capital Receipt over and above investment in Post Office MIS is exempt or taxable? If exempt then under which section?
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
10 March 2017 monthly interest on MIS is taxable under income from other sources and bonus received if any on maturity of POMIS is also taxable under the head income from other sources.
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Kiran Jain

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Kiran Jain (Querist)
24 March 2017 Thanks for the reply sir
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