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national saving certificate

This query is : Resolved 
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(Querist)
25 June 2010 plz tell me whether proceeds from maturity of NSC taxable or not ? also interest is taxable or not?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
25 June 2010 principal amount received in exempt.

Interest amount is taxable.

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