Weather amount received on maturity of NSC is taxable
This query is : Resolved
Guest
Guest
(Querist)
16 July 2009
Weather amount (principle + interest) received on maturity of National Saving Certificate, VIII issue is taxable in the year of receipt or not?
16 July 2009
The interest part only is taxable in the year of receipt, if the same was not taxable on accrual basis.
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