Hi Friends,
I have two queries:
1) 5 Years Post office NSC maturing in this year.
2) 3 Years lock in period MFs.
maturing in this January. Tax implications please. I am salaried employee.
Thanks in advance
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NSC and 3Years lock in MF
Replies (2)
1. NSC 5th & last year interest will be your income from other sources.
2. ELSS MF units the difference will be Long Term Capital Gain or Loss taxable @ 10% flat rate. Exempt upto 1 lakh alongwith other LTCG
Up to ₹1 lakh on LTCG there will not be any tax. right? and my gain will be below the limit.
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