Investment
This query is : Resolved
29 August 2011
IS NSC MATURITY IS TAXABLE?
I WILL RECEIVE THIS IN SEPT MONTH
WHAT TO DO
TELL ME SOME BEST INVESTMENT OPTION
TO SAVE TAX THIS PROCEED I WANT TO RE INVEST WHICH OPTION IS BETTER FOR ME I AM INDIVIDUAL
& COMES UNDER BASIC TAX EXEMPTION LIMIT
I WILL RECEIVE THIS IN SEPT MONTH
WHAT TO DO
TELL ME SOME BEST INVESTMENT OPTION
TO SAVE TAX THIS PROCEED I WANT TO RE INVEST WHICH OPTION IS BETTER FOR ME I AM INDIVIDUAL
& COMES UNDER BASIC TAX EXEMPTION LIMIT
29 August 2011
Only the amount received as the last year interest is taxable in case of NSC as the same is not re invested.
For re investment, mutual funds , PPF, LIC are all good.
For re investment, mutual funds , PPF, LIC are all good.
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