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Deduction u/s 80tta

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(Querist)
14 December 2015
Sir,

Any exemption available for post office MIS income?


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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
14 December 2015
Since it is having a Maturity Period of 5 years it comes in the category of Time Deposit and as such deduction U/s 80TTA can not be claimed in regards to PO MIS Income.
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