K.R. Prasanna (Articled Assistant) (35 Points)
25 July 2009Friends please let me know whether the income listed below are taxable ?
1) Post office 8% interest scheme
2) Post office 9% interest scheme \
(Sr. citizen)
3) LIC Monthly Interest (Sr. Citizen)
4) SBI 9% Sr. Citizen Scheme
5) NHB Capital Bond Scheme
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 25 July 2009
Hi.... Evening K.R....
The income list mentioned by u is taxeable...
All the incomes are taxaeble.. Even Tax Free Bonds are, i think, taxaeble
CA. SUDHARSAN K G
(Chartered Accountant)
(472 Points)
Replied 25 July 2009
DearFriend,
To my knowledge Interest Income from whatever source is Taxable.
CAclubindia
