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about national saving certificate, ppf etc.

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(Querist)
07 October 2010 in filling of income tax return, in which head investment in nsc, ppf should be shown in balance sheet (like investment in unquoted securities or deposit)..
thanx in advance
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
07 October 2010 Long term investment - unquoted
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CA GAURAV JAIN

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CA GAURAV JAIN (Querist)
07 October 2010 thanc sir...
now my question is that it is not deposit- why???
plzz clarify
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
07 October 2010 This cannot be classified as deposit as it has no feature of deposit and has all features of investments.

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