Om namah shivaya
MPR Sanjay Kumar (3118 Points)
10 November 2021
what is meant by international savings certificates, this is taxable or detectable
2 Replies
CA Aakarsh Jain
(CA)
(10431 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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