20 July 2011
ADITYA..sorry but i am still not clear...if i would hav purchased nsc on april1,2011 still it would have been taken in income of f.y. 11-12 or in f.y. 12-13
21 July 2011
Ankit.... what is important is the date from which interest on NSC accrues ..You can understand it by reading the documents related to NSC . Since you have purchased it in the later part of March 2011, interest does not accrues for that month it will start accruing from the next month . Likewise in PPF also if u don't invest within 5th of a month u will not get benefit of interest for that month ... I Hope u r clear now.....
CAclubindia
