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Post office monthly scheme interest

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(Querist)
08 July 2014 Is the interest on post office MIS exempted ? If yes under which section ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
09 July 2014 No. Interest on Post Office MIS is not exempted. Its taxable under the head Income from Other Sources.

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