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Interest on nsc

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(Querist)
19 February 2016 Dear Sir,
Please tell whether Interest on NSC for the 5th year is allowable as deduction u/s. 80C for A.Y. 2015-16.

Thanks,
Abhishek Roy Choudhury.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
19 February 2016 Interest earned every year is automatically reinvested, and such re-invested interest qualify for tax rebate under section 80C of the Income Tax Act, except for the last year
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Amol S Joglekar

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Amol S Joglekar (Expert)
19 February 2016 The last years interest is NOT allowed as deduction u/s 80C.
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