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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.
Replies (1)
Yes... Ask the interest details to P.O. on accrual basis.
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