Query with NSC interest reinvestment
This query is : Resolved
Pooja......
(Querist)
08 March 2009
Is there any section, which is indicating that, it is required to calculate interest on NSC after reinvesting the interest amount in to base amount?
What will be implication of NSC reinvested amount? can i claim that as U/s80C deduction?
What will be implication of NSC reinvested amount? can i claim that as U/s80C deduction?
K V Subba Rao
(Expert)
08 March 2009
08 March 2009
Pl see the write up in https://www.taxworry.com/2006/10/some-one-asked-on-yahoo-answer-replied.html
08 March 2009
Interest can be claimed u/s 80 C. Pl see the opinion in https://www.blonnet.com/iw/2005/10/23/stories/2005102301561300.htm
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