MIS UNDER POST OFFICE
Ankit kumar (245 Points)
03 July 2018
whether Mis under post office can claim tax benefit in tax ,
Ankit kumar (245 Points)
03 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 Points)
Replied 03 July 2018
No ....
Senior citizen can claim deduction u/s. 80TTB over interest income received from MIS (from FY 2018-19)
Ankit kumar
(245 Points)
Replied 03 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 Points)
Replied 03 July 2018
MIS Interest is taxable. & Mediclaim insurance is deductible u/s. 80D. The maximum amount claimed u/s. 80D is Rs.25,000/- for individual having age below 60; while Rs. 50,000/- for senior citizens.(AY 2019-20)
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 Points)
Replied 03 July 2018
MIS Interest is taxable.
& Mediclaim insurance is deductible u/s. 80D. The maximum amount claimed u/s. 80D is Rs.25,000/- for individual having age below 60; while Rs. 30,000/- for senior citizens.(AY 2018-19)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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