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NCD INVESTMENT & tax implications
Can any One help me with the investment & tax implications in purchase of NCD over and above section 80c
Replies (2)
No tax benefit for investment in NCD. The interest is taxable. Any appreciation on redemption attract capital gains.
Ncd if u mean i.e.Non conv.deb of cos etc. There is no Tax exemption or Tax benefit Rather int. is taxable .further appreciating in value on redemption is also taxable.
However there is one benefit that Tds not deducted & no Form 15 G/H is to be submitted provided investment in Ncd is thr Depository pl.
However there is one benefit that Tds not deducted & no Form 15 G/H is to be submitted provided investment in Ncd is thr Depository pl.
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