Nsc accrued interest

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2013 I have purchase NSC in January, 2013. From when interest will accrue?

04 January 2013 Interest start accruing from the very next day when you deposit the amount however,
in the income tax return of AY 2014-15, you will have to show Interest Accrued for the first year.

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Querist : Anonymous

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Querist : Anonymous (Querist)
04 January 2013 So do i have to show interest for a period of Date of purchase to Mar,13 & Apr,13 to Mar,14 in return for A.Y.2014-15.

04 January 2013 You have to show interest of 1 year, leave extra period, it will get adjusted at the end.


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