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Int. on NSC

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 January 2010 Int. on NSC is taxable or not ????
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Bimal Thacker

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Bimal Thacker (Expert)
06 January 2010 Yes, It is taxable. Also accrued interest is consider as investment allowable as deduction under Sec. 80C (except in year of maturity)
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
06 January 2010 interest is deemed as reinvested and eligible for deduction under section 80C except for the sixth yr ie on maturity
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
06 January 2010 yes it is taxable accured interest eligble for 80C
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
06 January 2010 Agree with experts ,Taxable
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