What is the treatment of interest accrued on NSC for PY 2007-08. Is it to be included as a part of other income and then later considered as a part of investment under 80C?
I have given detailes of interest accrued on NSC to my employeer and he is not considering accrued interest on NSC as a part of investment under 80C. He says that I can show it at time of filing the income tax returns. Because, I have to declare the same in Other Income also.
Can anyone point me towards any writeup on web on this, so that I can show it to my employeer.
TIA for youe time and help.