DEDUCTION...
varun (study) (52 Points)
16 November 2020
Intrest on post office deposit or intrest on deposit can be allowed as deduction?
2 Replies
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 16 November 2020
No....
Interest is taxable
Deduction allowed to only senior citizen upto 50000
Interest is taxable
Deduction allowed to only senior citizen upto 50000
ayusmita
(Tax consultant)
(5885 Points)
Replied 17 November 2020
Which deposit and interest can you clearly say
if it is for tax saving scheme deposit n interest they are tax free both sides principal n interest
if it is for tax saving scheme deposit n interest they are tax free both sides principal n interest
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