PLZ TEL ME FRNDS WHETHER INTEREST ON POST DEPOSIT IS EXEMPT OR NOT U/S 80L...?????
ACTUALLY AT SOME PLACE I HV SEEN THAT DEDUCTION WAS AVAILABLE TILL A/Y 2006-07... BT I READ IN PCC THAT DEDUCTION IS GIVEN TODAYS ALSO...
IS THERE ANT CIRCULATION REGARDING ANY AMENDMENTS IN SEC 80L????? PLZ REPLY NOW.. ITS VERY URGENT
Dear manisha,
No deduction under section 80L is available from the assessment year 2006-07.
Please visit the link given below for further reference...see point no.28
https://indiabudget.nic.in/ub2005-06/fb/bill32.pdf
Agree. Section 80L has been abolished and all the interests are taxable now.
it will exempt or not???
is it under d cateogry of intt on relief bond, etc????
plz tel me interest on post saving(MIS) is exempt or taxable????????
it is taxable
thanks
80l is abolished now so its taxable
Thanks for reply FATEMA..
CAclubindia
