Ad free CAclubindia and daily updates on your mobile. Subscribe Now!

Post office NSC

Aman Mittal (hi) (20 Points)

17 December 2020

treatment of maturity amount of NSC

Reply
Follow
Share

2 Replies

ayusmita (Tax consultant) (5885 Points)
Replied 17 December 2020

Amount invested is exempted and shown in 80c for the same year it is invested and the interest received at the time of maturity is taxable under income from other sources

Upgrade to CAclubindia Pro. Subscribe Now!

JATINDER KUMAR (Accountant) (3662 Points)
Replied 17 December 2020

Interest received at a time of maturity is fully taxable if Interest income not booked on accrual basis

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Trending Online Classes

GST Live Certification Course (40th Batch)(With Certificate)

Industry Expert

Enroll Now

17 November 2024
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India

Mr.Balamurugan Ranganathan

Enroll Now

08 November 2024
Certification Course on Chat GPT and AI Tools for Professionals

CA Deepak Gupta

Enroll Now

05 November 2024

Post office NSC

2 Replies

Online classes for CA CS CMA. Professional courses for GST, Tally, Others & Books

Leave a reply

Recent Topics

Related Threads

Popular Discussion

Trending Online Classes

Subscribe to the latest topics :

Search Forum: