hello,
i want to know that what is the nature of income of the bonus which we get when our Post Office MIS scheme gets over after 6 years---is it interest or something else?
CA. Kunal Lakhotia (ACA) (1006 Points)
07 July 2012hello,
i want to know that what is the nature of income of the bonus which we get when our Post Office MIS scheme gets over after 6 years---is it interest or something else?
nitin suvarna
(C.A FINAL)
(828 Points)
Replied 07 July 2012
it is not interest & should be taxed under IFOS separately
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