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Nsc interest taxable ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2014 Hi


Can you please let me know the tax treatment for NSC cumulative interest ?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 July 2014 taxable as income from other sources.
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Rupesh Jain

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Rupesh Jain (Expert)
11 July 2014 it is taxable in every year under income from other source, and reinvest u.s 80C.

but for maturity year it is taxable under income from other sources.
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