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MPR Sanjay Kumar (3101 Points)

10 November 2021

what is meant by international savings certificates, this is taxable or detectable

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CA Aakarsh Jain (CA) (10346 Points)
Replied 10 November 2021

Investments of up to Rs 1.5 lakh in the National Savings Certificate can earn the subscriber a tax rebate under Section 80C. Furthermore, the interest earned on the certificates is also added back to the initial investment and qualify for a tax break as well.

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MPR Sanjay Kumar (3101 Points)
Replied 10 November 2021

Finally NSC is non taxable?

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