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Interest on nsc

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(Querist)
01 December 2015 Dear Sir,
An assesse had purchased a NSC of Rs.1.00 lac on 12.07.2014. So whether the Interest should be taken into account on NSC for the F.Y. 2014-15 or not.


Please reply as early as possible.

Thanks,
Abhishek.
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CA CS LAVESH VASYANI

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CA CS LAVESH VASYANI (Expert)
04 December 2015 No.

The interest is not provided in the year of purchase.

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