banner_ad

Nsc treatment

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 July 2012 My Questions is that if I invest in NSC in beginning of the f.y. or middle of the year or end of f.y. then in that f.y. May I take deduction for 1st year NSC accrued interest in same f.y.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
08 July 2012 As per prevailing practice and guidelines issued in this regard, you can take interest on completion of the 1 st year. So in the year of purchase interest will not be shown as accrued.
.
Profile Image

CA Prashant Gupta

Profile Image

CA Prashant Gupta (Expert)
08 July 2012 agreed with Mr. paras Bafna
Profile Image

Rahul Gupta

Profile Image

Rahul Gupta (Querist)
28 July 2012 Thank you sir.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details