Hello sir/madam,
***URGENT QUERY***
If NSC is invested on 15/07/2021 then 1st year NSC interest gets generated on 15/07/2022 so I should show in ITR FY22-23 as int Inc and 80C..continues till 4th year. Am I right abt FY?
SECONDLY, In AIS postoffice shows the TOTAL 5 years interest amount on maturity i.e credit on 15/07/2026 so in FY 26-27 ......So how should I submit FEEDBACK OPTION❓as I would have already shown first 4 years interest in the respective FY ITRs for the past 4 years. The 5th year NSC interest alone would be declared in ITR of FY 26-26 as it's taxable, but in AIS it's total of 5 years added maturity interest...It WOULD BECOME A MISMATCH AND I DON'T WANT ANY NOTICE From IT dept. So what should we do?
ANYONE AND EVERYONE PLS CLARIFY and share your experiences. CAs pls guide. Do reply at the earliest as need to file ITR.
CAclubindia
