Tds
This query is : Resolved
Avneesh Shukla
(Querist)
31 December 2011
Whether there is any difference between national saving scheme 2003 and relief bond?
whether the interest on relief bond exceeding Rs 10000.00 during the financial year is taxable @ 10% under section 193 of income tax act?
whether the interest on relief bond exceeding Rs 10000.00 during the financial year is taxable @ 10% under section 193 of income tax act?
01 January 2012
National Saving Scheme certificates are regular investment by Post. Accrued interest on NSC is eligible as reinvestment u/s 80c.Special relief Bonds are issued for special purpose. They may be ambit of another 20000 which exceeds 1 Lac.
Both interest is taxable, no tax free.
Both are applicable for TDS purpose. NSC is issued by Postal Department.
Both interest is taxable, no tax free.
Both are applicable for TDS purpose. NSC is issued by Postal Department.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- Non filing of I T Returns
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- Oct 2025 Invoices
- TAX AUDIT ON PROFESSIONAL INCOME
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Import of Software Service.
- Capitalgain tax purposes for valuation report compulsory
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
