Post Office TD Interest taxable?
Charulatha Mohan (4 Points)
16 June 2021Charulatha Mohan (4 Points)
16 June 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 16 June 2021
Yes, such interest would be taxable under IFOS. The post office would have deducted tax at source on such interest and you are required to file ITR in order to claim refund of such tax (provided you have no other income exceeding the exemption limit).
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 16 June 2021