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Income from other source
You are most welcome Malvika. ☺️
Ha ha ha... You are amazing @ Malvika. Saying thanks and most welcome at the same time. Praising yourself, Good Strategy. :-)
He He He... There is nothing like that.... What I mean to say was " Your Suggestions are most welcome. (From) Malvika :-) " ....
Now Okay? :-D
R u also doing CS ?? Malvika
the interest from any kind of term deposit is taxable. only the principal amount can be claimed as deduction under 80c subject to conditions
Ohhh.. My bad @ Malvika.
in respect of deductions of principal amount, (total principal amount/number of years) could be claimed as deduction
No Jaisika. I am in CA-ipcc
Sir/Mam,
As per Sec 10(17) of Income Tax Act, any allowances recd for holding the position as MP/MLA is exempt. Int is not covered in this.
Hence it is anyhow taxable s.t. Sec 80TTB
Thank You
CA.Shambhuling Patil
M: 7411517975
1 point to be added, Now post office has changed to postal bank
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