Tax on NSC Maturity
This query is : Resolved
15 July 2010
one of my friend purchase NSC in 2004 but wrongly shown this NSC in statement of affair as NSS. and also not claim deduction under 80C, so now it is matured.
so please tell me how we calculate the tax on it.
so please tell me how we calculate the tax on it.
15 July 2010
You may charge to Income Tax total Interest recived on maturity of NSC in current financial year.
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