interest accrued on NSC

This query is : Resolved

aziz (Querist)
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23 January 2008 Is it necessary to show interest accrued on NSC?...i know that it is available as deduction under section 80c but the problem is that sec 80 c is already more then 1 lac..if i take interest accrued on NSC under income from other sources ,client is getting tax...so is he liable to pay tax?plz reply me as soon as possible.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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23 January 2008 Yes you have to show interest accrued on NSC. If you have already reached the upper limit of deduction u/s 80C you can't help.

Garima

Garima (Expert)
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01 February 2008 I think You should show.
Last year you had shown & if the next year the amt of interest fall within the limit of 80C and you are willing to show that amt then what happened to this year's interest?

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