Easy Office
LCI Learning

Chapter vi deduction

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 July 2012 INVEST NATIONAL SAVINGS CERTIFICATE FOR 5 YEARS TERM

ACCURED INTEREST ON N.S.C TAKE IN TO INCOME BUT PLZ.TELL ME CAN I GET RELIEF U/S.80C OR NOT.
SIR PLZ.EXPLAIN ME.

TERM DEPOSIT TO S.B.I RS.2,00,000/-
ACCURED INTEREST ON TERM DEPOSIT TAXABLE OR NOT AND SAME IT IS RELIEF IN CHAPTER VI.
Profile Image

CMA Ramesh Krishnan

Profile Image

CMA Ramesh Krishnan (Expert)
24 July 2012 yes Interest on NSC is eligible deduction u/s.80C

interest on term deposit with SBI is taxable income. there is no deduction u/s.80C for that
Profile Image

CA BHARATH KUMAR

Profile Image

CA BHARATH KUMAR (Expert)
25 July 2012 term deposit will taxable but interest on NSc is deductible u/s 80c
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links