NSC

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2010 I had invested Rs. 10,000 in 6 year NSC in 2003.

Now in 2009-10 i have received Rs. 34020.

What will be the tax treatment.

Aditya Maheshwari (Expert)
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09 December 2010 Principal received exempt from tax.
Balance interest taxable Rs. 24,020/- less amount already offered for tax in earlier years.

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