IS interest on POMIS account -Postoffice Monthly Interest Scheme eligible for sec 80 TTA deduction?
6 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 08 May 2014
| Originally posted by : srividyaa | ||
 |
IS interest on POMIS account -Postoffice Monthly Interest Scheme eligible for sec 80 TTA deduction? |  |
No. Deduction u/s 80TTA is available for interest from savings bank account with a post office.
Mihir
(Wealth Manager)
(5293 Points)
Replied 08 May 2014
PO-MIS is not a saving account. Not eligible for 80TTA.
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 08 May 2014
agreed with above discussion
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