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Interest on MIS

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(Querist)
25 February 2011 Weather Interest on MIS(Post office)/ Investment in MIS(Post office) is exempted under the act if yer upto what extend and under which section.
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Ashok Asthana

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Ashok Asthana (Expert)
28 February 2011 investment in mis is exempted but not the interest received.

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