80c deductiom
This query is : Resolved
Akansha jain
(Querist)
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.
Rupesh Jain
(Expert)
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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