INCOME TAX NSC CALCULATION

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I HAVE PURCHASE NSC FY 2016-17. AND ITS MATURITY IS FY 2020-21. I HAVE NOT SHOWN INTEREST ACCURED IN 2016-17 TO 2019-2020. I HAVE RECEIVED MATURITY AMOUNT. NOW WHAT I CAN SHOW INCOME TAX RETURN FILING FOR A.Y.2020-21. WHEN I PURCHASE I HAVE DEDUCTION U/S 80C CLAIMED.

WHETHER FIVE YEAR INTEREST IS TAXABLE AND DEDUCTION  80C CLAIM FOR 4 YEARS.

REPLY URGENTLY FOR FILING INCOME TAX RETURN


Attached File : 953967 20210511033650 new text document.txt downloaded: 16 times
Replies (2)
Yes the interest is taxable
Report the total interest for 5 years in this year and pay tax on the same.

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