Nsc
This query is : Resolved
CA Sachin Dubey
(Querist)
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
Amol S Joglekar
(Expert)
26 November 2012
No. It does not qualify for 80C. Interest is taxable under income tax act.
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