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Querist : Anonymous

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Querist : Anonymous (Querist)
27 October 2010 tax liabilty of an assessee receiving an amount of money on maturity of NSS after taking reduction under sect 80c??

27 October 2010 Interest amout is taxable. if u have pay tax on accural basis than deduction of sec 80c be allowed in respect of interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 October 2010 wat about the principal recieved back?


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Querist : Anonymous

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Querist : Anonymous (Querist)
27 October 2010 wat do u mean by accrual basis exactly?

27 October 2010 Principal amount not taxable, Accural means the interest related to 2009-10 is taxable in 2009-10



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