TAX LIABILITY OF 5 YEAR TIME DIPOSIT IN POST OFFICE



POST OFFICE TIME DIPOSIT FOR 5 YEAR IS TAX SAVING INSTRUMENT AND MATURITY AMOUNT RECEIVABLE AFTER 5 YEAR WITH COMPOUND INTEREST IS IT POSSIBLE TO SHOW INTEREST EVERY YEAR IN ITR TO REDUCE TAX LIABILITY IN THE END LIKE NSC.
 
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"Do the Right Thing...!!!"

Yes... Ask the interest details to P.O. on accrual basis.
 
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