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National saving certificate

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saiganesh (Querist)
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16 August 2008 Investment in national saving certificate Is eligible for 80c deduction?

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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16 August 2008 yes, Investment in national saving certificate Is eligible for 80c deduction

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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16 August 2008 yes

Miss Komal Mantri

Miss Komal Mantri (Expert)
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16 August 2008 investment is eligible but last year interest is not eligible for deduction as the same is not reinvested..

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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18 August 2008 Dear Komal, I would like to update you in this regard. Interest accruing annually on NSCs is deemed as reinvested, hence that interest is also eligible for deduction under section 80C.

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