duction of intt on MIS u/s 80l

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..