Interest on nsc


This query is : Resolved 

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.

04 December 2015 No.

The interest is not provided in the year of purchase.


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