Nsc
This query is : Resolved
25 November 2012
If i invest in National saving insitiute of government of india, Mahila Pradhan Kshetriya Bachat Yojana. can anyone tell me
whether the amt deposited by me is allowed as deduction u/s 80c
Also what will be the tax treatment of interest that will be credited to my account n d lumpsum amt receiveable by me at the time of maturity
whether the amt deposited by me is allowed as deduction u/s 80c
Also what will be the tax treatment of interest that will be credited to my account n d lumpsum amt receiveable by me at the time of maturity
26 November 2012
No. It does not qualify for 80C. Interest is taxable under income tax act.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
