Please Help: Direct Tax
Posted Date : 28-Aug-2012 , 02:03:22 pm | Posted By: Rashmi
Category :
Income Tax | Answers :
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Comments :
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Maturity amount recieved form MIS post office scheme is eligible for tax rebate u/s 80 c |
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| Posted By : CA Ankur Bubna |
30-Aug-2012, 12:30:23 |
| Interest used to be tax-free u/s 80L, but that has been withdrawn way back and 80C is also not eligible for bonus and principal received on maturity. |
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| Posted By : Neha Gupta |
28-Aug-2012, 05:18:56 |
| Maturity amount received from MIS POS will be added to capital account and will be tax free.Interest on MIS earned monthly will be taxable.No rebate u/s 80C |
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