deduction u/s 80 C

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Devendra (Querist)
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30 November 2009 Are the investment in P.O.R.D. A/c is deductable u/s 80C & interest of P.O.R.D. A/c is tax free.

K V Subba Rao (Expert)
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30 November 2009 Sorry

Investment in POMIS does NOT qualify for Deduction u/s 80-C

Interest earned on investment in POMIS is NOT exempt from tax

Murtaza I Bhagat (Expert)
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30 November 2009 yes it is taxable under income from other sources. NSC is Qualify for claimming u/s 80C

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