08 December 2017
I have received monthly interest on Post Office Monthly Income Scheme (MIS). I received in FY 2016-17 approx 36000/- interest through my Post Office Monthly Income Scheme (MIS). Is this interest is taxable Under Income Tax Act? Post Office never make any TDS on MIS. Please advice, Is this income should be shown in ITR column of INCOME FROM OTHER SOURCES or NOT? Please give me your expert opinion?
CAclubindia
