Is there any deduction/exemtion/rebate in respect of interest from NSC?
Interest income from nsc (national saving certificate)
Aditya Kumar (Accountant) (28 Points)
26 December 2014Aditya Kumar (Accountant) (28 Points)
26 December 2014Is there any deduction/exemtion/rebate in respect of interest from NSC?
CA Ragini
(CA)
(405 Points)
Replied 26 December 2014
Sanjay Singh
(Student CA Final )
(39 Points)
Replied 26 December 2014
it is subject to maximum Rs.150000 for AY 2015-16
Neha Khandelwal
(no)
(25 Points)
Replied 27 December 2014
Ramanuj
(Accountant.)
(834 Points)
Replied 27 December 2014
yes interest on nsc deduction u/s 80 c subject to 150 lac less then and last six year interest on nsc taxable.
Thanks & Regards
Ramanuj
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