in nsc
q1.my question was intrest already been paid and deduction done in mom account then when maturity comes with 70 lacks then total 70 lacks to my account is not taxable ?? and for q2. joint account then fine or is it joint account with mom compulsory?
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Replies (4)
1. Not taxable. But any interest accrued after her probable demise, is taxable to nomineee's account.
2. No. Not compulsory, but nomination is must.
so is that i am nominee than they can pay to my account?
Yes, only when maturity of NSC happens to be after her ....
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