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Taxability of interest on nsc

This query is : Resolved 
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(Querist)
04 July 2013 Please confirm whether Interest on NSC at the time of maturity is taxable or not if the same is not shown on accrual basis in each year previously.The same NSC is lying with Commercial Dept as Security.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 July 2013 To be offered for assessment in the year of maturity.
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