Accountancy, asked by dd6264840, 1 day ago

Received intrest on securities

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Answered by vartikarana59

0

Answer:

Interest on notified securities, as well as notified bonds and certificates, are fully exempt from tax. Also, interest on Post Office savings bank account is exempt up to an amount of Rs 3,500 with respect to an individual, and Rs 7,000 in the case of a joint account.

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