Easy Office
LCI Learning

Maturity of NSC

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 December 2008 Please tell me what is the treatment of amount received on maturity of NSC?
Profile Image

Ravikumar.G

Profile Image

Ravikumar.G (Expert)
16 December 2008 Exempt from tax.
Profile Image

CA RAMESH KUMAR AHUJA

Profile Image

CA RAMESH KUMAR AHUJA (Expert)
17 December 2008 Intt is considered for computation of income on accrual basis each year. As such the same is not reconsidered at the time of maturity.
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


CCI Pro
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