21 December 2011
Can any one explain me the difference between Postal Recurring Deposits (RD) and Postal Monthly Income Scheme (MIS) Schemes and difference between Postal Time Deposit and Potal Cumulative Time Deposits.
I also want to know the taxability of interest earned from the above schemes.
21 December 2011
PORD: U make monthly contributions for the contracted term POMIS: U deposit lumpsum say 1Lakh and get monthly income POFD and POCFD: just like bank FD Intt on all the schemes is taxable. CA MANOJ GUPTA JODHPUR 09828510543
CAclubindia
