NIKIT SHETH (Chartered Accountant) (55 Points)
10 December 2010Interest on monthly post office savings deposit is taxable or not? if Taxable is there any deduction under chap VIA available?
CA Sahil Singla..
(Service Tax )
(3746 Points)
Replied 10 December 2010
ya..it's fully taxable..& there is no such deduction under Chapter VI
abhishek
(Job)
(132 Points)
Replied 11 December 2010
Yes, it is fully taxable under the head of income from other sources and there is not avail any deduction under chap VIA.
CAclubindia
