Is bonus received on maturity or withdrawal of Monthly Income Scheme (MIS) taxable???
Sagar Kulkarni (Articled Assistant) (85 Points)
20 July 2010Is bonus received on maturity or withdrawal of Monthly Income Scheme (MIS) taxable???
purva.mirji
(-)
(112 Points)
Replied 21 July 2010
Yes it is taxable under the head " INCOME FROM OTHER SOURCES" as Bonus received on maturity of post office Monthly Income Scheme.
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