MRS. X AGED 62 YEARS HAS DEPOSITED RS. 15 LAKH UNDER PRADHAN MANTRI VAYA VANDANA YOJANA OF LIC. AND RECEIVED INCOME OF RS. 9250 EVERY MONTHS FOR FY 22-23. WHETHER SUCH INCOME IS TAXABLE OR EXEMPT FROM INCOME TAX. IF EXEMPT THEN UNDER WHICH SECTION OF INCOME TAX
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EXEMPTION OR TAXABILITY OF INTEREST RECEIVED UNDER PRADHAN MANTRI VAYA VANDANA YOJANA
Replies (2)
It is taxable income under income from other sources
It is taxable u/h. IFOS....
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