nsc
This query is : Resolved
Ram Prakash Gautam
(Querist)
10 August 2010
sir,
how many times any individual can get exemption on icici nsc bond ??????
& plz define me about NSC bond ????
its rules in brief.
i hav a cas a person get 30000 peryear exemption on NSC bond since 2003-04
is this right ?????????
how many times any individual can get exemption on icici nsc bond ??????
& plz define me about NSC bond ????
its rules in brief.
i hav a cas a person get 30000 peryear exemption on NSC bond since 2003-04
is this right ?????????
Aditya Maheshwari
(Expert)
10 August 2010
NSC deduction can be taken only in the year in which investment is made.
Interest accrued on NSC is allowable as a deduction u/s 80C from year to year.
Interest accrued on NSC is allowable as a deduction u/s 80C from year to year.
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