withdrawal from NSS taxable or not ?
This query is : Resolved
23 July 2007
Whether any withdrawal from NSS ( National Savings scheme) is taxable ?
23 July 2007
yes, it is taxable.
23 July 2007
I think itis taxable only if it was 1987 scheme where we have taken deduction u/s 80cca. But if the scheme was 1992 scheme, where no deduction was available u/s 80cca, only interest is taxable and withdrawal from NSS is not taxbale.
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