Accrued int on nsc
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 July 2013
one person purchased NSC as follows
4-dec-2006 RS 25000
23-jan-2008 RS 25000
8-feb-2011 RS 25000
is he get deduction under sec 80c for accrued interest?
If so What is the amount of interest and allowable deduction?
I need answer quickly..
Thanking you sir
4-dec-2006 RS 25000
23-jan-2008 RS 25000
8-feb-2011 RS 25000
is he get deduction under sec 80c for accrued interest?
If so What is the amount of interest and allowable deduction?
I need answer quickly..
Thanking you sir
01 July 2013
Accrued interest for the particular year will be allowable for deduction u/s/80C as reinvesting nature
Incase interest received on maturity is taxable fully
Incase interest received on maturity is taxable fully
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