NSC vs KVP
ANSHUL GUPTA (ARTICLE) (51 Points)
15 January 2018plz suggest which one is better, NSC or KVP??
ANSHUL GUPTA (ARTICLE) (51 Points)
15 January 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160868 Points)
Replied 15 January 2018
NSC
Five reasons to invest in NSC:
ANSHUL GUPTA
(ARTICLE)
(51 Points)
Replied 16 January 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160868 Points)
Replied 16 January 2018
Yes, agreed......
The government has cut interest rates on small savings schemes, including NSC and PPF for January to March 2018, the interest rates on these schemes have been reduced to 7.6%..
Though interest is taxable, but advantage is it gets reinvested to get 80C benefit (within limit of 1.50 L), so net effect is.... it does not get taxed.
You cannot get tax benefit in case of gift...... So, better to gift redemption amount.
ANSHUL GUPTA
(ARTICLE)
(51 Points)
Replied 16 January 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160868 Points)
Replied 16 January 2018
As of today maximum eligibility for exemption under sec 80C is 1.50 lakhs, whatever amount you invest............ so the cap is on exemption claim, not on investment part.
(N.B.: May be the limit get enchanced by next budget, on 1st Feb.)