Exempted Income
This query is : Resolved
15 June 2011
Pls tell me that interest earned from post office senior citizen savings scheme is taxable or not
15 June 2011
The interest earned is fully taxable in the hands of the person who is receiving that income.
However Tax will not be deducted at source by the post office for that income of interest earned.
However investments made to that scheme will be exempted from wealth tax.
Let us know if you have questions on this.
Thanks,
CA M Sreenivasa Rao
R&S Associates
However Tax will not be deducted at source by the post office for that income of interest earned.
However investments made to that scheme will be exempted from wealth tax.
Let us know if you have questions on this.
Thanks,
CA M Sreenivasa Rao
R&S Associates
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- NR GST NUMBER
- Fixed Deposit Claim Relinquishment by the Nominee
- Query Regarding on TDS section 194H and 194J
- ITR 6 Schedule CFL and UD Issues
- For REQUIRE INDIVIDUAL GST
- GST Department hearing
- TDS RATE ON RENT PAID TO NRI
- Not a CA , can we prepare balance sheet
- FREELANCING ACCOUNTANT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Is CFA or actuary good after CPA and CMA
- Transferring CA articleship from old to new scheme of education and training
- GST Refund SB005 Error
- Notice u/s.148- Asstt.Year 2015-2016
- Invoice Numbers Wrongly Entered
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
