Where to disclose NPS in ITR under Assets ?

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This discussion clarifies where to disclose National Pension System (NPS) amounts within the Assets section of an Income Tax Return (ITR). While deductions are claimed under 80C, the investment itself should be reported under 'Other Financial Assets', specifically within 'Shares & Securities'. The thread also addresses the disclosure of contributions and earnings from a Thrift and Credit Cooperative Society, noting that both monthly contributions and accrued interest fall under 'Investment', with interest and dividend income being taxable under IFOS.

Deepak Rawat

Deepak Rawat (Querist)
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27 August 2021 Hi Member,
I want to know, where to disclose NPS amount under Assets ? We claim deduction under 80C but as this is an investment thus how to show it under Assets ? There are option like Jewelleries, Archaeology, Vehicle, and other financial assets. And under other financial assets there are option are Bank, share & Securities, insurance policies, loan & advances, cash in hand etc.
As per me it should be under Shares & Securities. Please guide...

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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27 August 2021 Yes, that is good option available among the list.

Deepak Rawat

Deepak Rawat (Querist)
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27 August 2021 Thank You Sir. Please guide on below mentioned query as well.
I am a member of Thrift and Credit Cooperative Society and that society is registered under Cooperative Society Act.
So my query is where to show my monthly contribution. On that monthly contribution, we get yearly interest. Further, we have some share money and on that share money we get monthly dividend @ 10%.
Please guide both case, 1st case where to show monthly contribution and interest theron. And 2nd case, Share Money and dividend there on.
Wish to hear from you soon.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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27 August 2021 If interest gets accrued, then the same will be clubbed under the contribution paid (every month). The same is grouped under investment. The interest is taxable under subhead interest u/h. IFOS.
The dividend income is also taxable i/h. IFOS, under sub-head 'Dividend'

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