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PPF AND NSC

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23 September 2010 IS PPF AND NSC TAXAXBLE IF MATURES
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
23 September 2010 Prinicipal + interest tax free of PPF

Princiapl tax free of NSC and interest taxable on acrual basis.
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Rahul Gupta

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Rahul Gupta (Expert)
24 September 2010 Agreed with Mr Aditya.

In addition, Interest on NSC will also be claimed as deduction u/s 80C.

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24 September 2010 I know nsc 6th year int.'s deduction is available in 80c because it is reinvested
what about in maturity
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
24 September 2010 Maturity principal proceeds not taxable. accrued interest allowable u/s 80C.

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