NATIONAL SECURITIES CERTIFICATE
This query is : Resolved
Vishnu Agarwal
(Querist)
12 July 2008
WHAT IS THE NATIONAL SECURITIES CERTIFICATE & WHAT IS THE PROCEDURE FOR GETTING IT & WHAT IS THE BENEFIT WE DRIVE FROM IT ?
WHAT IS THE NATIONAL SECURITIES CERTIFICATE & WHAT IS THE PROCEDURE FOR GETTING IT & WHAT IS THE BENEFIT WE DRIVE FROM IT ?
SANDEEP AGGARWAL
(Expert)
14 July 2008
NSC can be obtaimed from post office. Investment in NSC is exempt u/s 80C upto Rs. 100000/- from current income. Interest accrued on that is taxable u/h income from other source and it is deemed to reinvest for sec 80C. It carry interest rate @8.25%. For more details you may contact to post office or post office agent
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