NSC Maturity
Mutyala Satyanarayana (16 Points)
03 February 2018
My son. daughter NSC got maturity of amount 50000/- this financial year. this amount is taxable how it will be calculated.
Mutyala Satyanarayana (16 Points)
03 February 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166549 Points)
Replied 03 February 2018
Interest amount is taxable annually. For minors, the tax liability will arise on any parent.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 03 February 2018
Maturity proceeds are not taxable.
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