Query relating to 80c

This query is : Resolved

Moulisha Hazra (Querist)
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18 February 2014 amount invested in NSC/ULIP/UTI is eligible for deduction u/s 80C in the year of investment.is it taxable in the year of maturity?and if it is taxable then under which head of income?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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18 February 2014 You provide the interest on accrual basis and the tax impact if any shall be negligible in the year of maturity

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 February 2014 in addition to Agarwal Sahab advise, please note that ULIP and UTI investments dont attract capital gains under EEE model (subject to conditions obviously)

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