is post office maturity taxable.
2 Replies
karthikeyan.v
(Chartered Accountant)
(523 Points)
Replied 02 March 2010
Dear Parag
You have not specified about what maturity amount youare asking, if it is an ordinary deposit then maturity is taxable, if itis the maturity of the P.P.F then the entire maturity is exempt u/s 10, the interst recepts in savings accoutn is taxable under income from other sources. As far as NSC is concerned- the interest accrued will have to be added to total income and then deduction is claimed under sec 80 L.
Amir
(Learner)
(4016 Points)
Replied 02 March 2010
Dear Parag,
Friend Karthi is rite taxability will depend upon schemes/intruments which have matured......
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