In 2010, A invested 5 lacs in senior citizen saving scheme. but didn't claim deduction u/s 80 c.
In 2018 the proceeds were recovered with interest.
Tax on above interest is paid every year.
Will A be eligible to pay tax on principal income received?
If possible please provide the section for the above
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maturity of senior citizen saving scheme
Replies (1)
Principal amount is taxed only in case of premature withdrawal, not when maturity amount received after 5/8 years.
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