Int. on NSC
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 January 2010
Int. on NSC is taxable or not ????
06 January 2010
Yes, It is taxable. Also accrued interest is consider as investment allowable as deduction under Sec. 80C (except in year of maturity)
06 January 2010
interest is deemed as reinvested and eligible for deduction under section 80C except for the sixth yr ie on maturity
06 January 2010
yes it is taxable accured interest eligble for 80C
06 January 2010
Agree with experts ,Taxable
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