NSC INTEREST ACCRUED
This query is : Resolved
Rajesh Topiwala
(Querist)
20 September 2022
INVESTMENT IN NSC MADE IN APRIL, 2021 THAT IS TO SAY A. Y. 2022 - 23. 1ST YEAR INTEREST ACCRUED ON NSC IS TO BE DECLARED IN A. Y. 2022 - 23 OR A. Y. 2023 - 2024 ? AS I UNDERSTAND THAT INTEREST ACCRUED SHOULD BE TAKEN A. Y. 2023 - 24, SINCE INTEREST IS SAID TO HAVE ACCURED AFTER COMPLETION OF 1 YEAR. AND THAT 1 YEAR IS GONG TO BE COMPLETED IN A. Y. 2023 - 24. AM I CORRECT ? CAN ANYONE CLARIFY.
CA R SEETHARAMAN
(Expert)
20 September 2022
Yes, you are right....
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