Menu
interest on nsc certificate
interest on national savings certificate is it taxable or exempt and if under which section.
Replies (3)
Taxable under 'Income from other Sources'
But the interest is presumed to be reinvested, only last year's(maturity year) interest is taxable...
Yes, only last year interest is taxable.
But we have to take each year interest in other income and to show in 80c deduction.
Last year interest should only be added with Income from other sources.
But we have to take each year interest in other income and to show in 80c deduction.
Last year interest should only be added with Income from other sources.
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
