80c deductiom
This query is : Resolved
07 August 2014
is investment by assesse in NSC is eligible for deduction under section 80C?
07 August 2014
Yes Investment in NSC is eligible for deduction u/s 80C. Maximum deduction u/s 80C from FY 2014-15 is Rs 1.50 Lacs.
07 August 2014
yes you can take investment in same year u/s 80C. after that you can claim intt. on NSC as income from other sources and also same amount as reinvestment u./s 80C for all year but maturity year us/ 80C form intt. deduction is not available.
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