Poonawalla fincorp
Poonawalla fincorp

taxability of NSC on maturity

This query is : Resolved 
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(Querist)
17 June 2009 are NSC taxable on maturity after 5 years?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 June 2009 Principal,on maturity,is tax free and interest is taxable either yearly or at the time of maturity.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
17 June 2009 agree with the expert
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