Nsc
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2012
My query is how much amount is taxable on the maturity of NSC after 15 years ( amount reinvested after every 5 years). The amount of Rs-100000 reinvested after every 5 years becomes Rs-353610 after 15 years. So from this example how much amount is taxable after 15 years and one more thing if i dont take the interest part in the return on yearly basis then can i take the whole interest after 5 years and file the return accordingly.
Thanks in advance
Thanks in advance
10 December 2012
No, You Need to Take Interest Part of NSC Every Year.
on Maturity Principle is Not Taxable.
and Regarding Interest, Though Its Taxable, Its Deduction You Can Get in 80C Again as ReInvestment.
on Maturity Principle is Not Taxable.
and Regarding Interest, Though Its Taxable, Its Deduction You Can Get in 80C Again as ReInvestment.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund of AY 22-23
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- TDR receipts for agreement holder
- Inventory of finished goods
- Sale of property furniture sale
- Disallowance of Section 43B(h) to sez units
- GST APPLICABILITY ON POLLUTION CHECK SERVICE
- Applicability of Ind As to associate of associate
- Refund AY 2012-13 and 2013-14
- DIRECT TAX CODE 2025
- MODEL FILLED AUDIT REPORT FOR TRUSTS IN FORM 10B
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
