Chapter vi deduction
This query is : Resolved
Querist : Anonymous
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.
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.
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
interest on term deposit with SBI is taxable income. there is no deduction u/s.80C for that
25 July 2012
term deposit will taxable but interest on NSc is deductible u/s 80c
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