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withdrawal from NSS taxable or not ?

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(Querist)
23 July 2007 Whether any withdrawal from NSS ( National Savings scheme) is taxable ?
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Vasantha Kumar Reddy

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Vasantha Kumar Reddy (Expert)
23 July 2007 yes, it is taxable.
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om Prakash gupta

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om Prakash gupta (Querist)
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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