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NSC Interest & 80TTB

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Mahabir Prasad Agarwal

Mahabir Prasad Agarwal (Querist)
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02 December 2021 NSC interest is allowed as deduction U/S.80C . Whether it is also allowed as deduction U/S.80TTB ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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02 December 2021 Yes. Interest earned on NSC can be claimed as deduction u/s 80TTB.

Mahabir Prasad Agarwal

Mahabir Prasad Agarwal (Querist)
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02 December 2021 It means I can claim double deduction for NSC interest u/s 80C & u/s 80TTB

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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02 December 2021 Yes. Allowed...

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