NSC
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 December 2010
I had invested Rs. 10,000 in 6 year NSC in 2003.
Now in 2009-10 i have received Rs. 34020.
What will be the tax treatment.
Now in 2009-10 i have received Rs. 34020.
What will be the tax treatment.
Aditya Maheshwari
(Expert)
09 December 2010
Principal received exempt from tax.
Balance interest taxable Rs. 24,020/- less amount already offered for tax in earlier years.
Balance interest taxable Rs. 24,020/- less amount already offered for tax in earlier years.
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