Nss maturity

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Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2014 IS NSS maturity after death of assessee received by legal heir taxable or not ? let me know.

CS,CA F,Numrologi TusharSampat (Expert)
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17 July 2014 the ans is no its not taxable.....................

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2014 hii,
can you tell me Under which section it is not taxable

CS,CA F,Numrologi TusharSampat (Expert)
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17 July 2014 since u have invested and got dedcution u/s 80C so it was capital amount ionvested and rec backed.

Bhaskaran Chackrapani Warrier (Expert)
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17 July 2014 Tax free.
Citation:- CBDT Circular No. 532 dated March 17, 1989 reported in (1989) 176 ITR (St) 327.

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