Investment in NSC
This query is : Resolved
Navin M Patel
(Querist)
05 April 2011
Dear all,
I invest Rs. 50000/- in NSC. How many amount I can deduct in u/s 80C of I.Tax Act.?
Will you suggests me other option for long time investment?
I invest Rs. 50000/- in NSC. How many amount I can deduct in u/s 80C of I.Tax Act.?
Will you suggests me other option for long time investment?
Aditya Maheshwari
(Expert)
05 April 2011
Full amount deductible. From next year accrued interest on NSC also allowable as deduction u/s 80C though the same would be included for computing total income.
You can invest in PPF from long term persepective.
You can invest in PPF from long term persepective.
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