Interest from nsc
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 March 2017
whether interest from NSC is taxable last last year interest only and principal portion whether taxable or exempt.
because interest accrued first taxable under the head and again deduction is claimed under section 80 C, so last year interest can not be claimed as deduction so last year interest only taxable is correct.
because interest accrued first taxable under the head and again deduction is claimed under section 80 C, so last year interest can not be claimed as deduction so last year interest only taxable is correct.
28 March 2017
Yes, Last years' interest is taxable.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2017
whether principal portion shall not be included in income after maturity. is correct or not
28 March 2017
Principal portion will not be taxable.
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