Dear All!
NSC bonds encashment after 10 years on maturity. Is the encashment amount exempted? and if so under which section?
If not Exempt then Please suggest the Tax treatment.
Thanks & Regards,
Gopalakrishnan M.
Menu
Nsc bonds encashment
Replies (1)
Rule 24 of the National Savings Certificates (IX Issue) Rules, 2011:
.
"Interest on these certificates shall be liable to tax under the Income-tax Act, 1961 (43 of 1961), on the basis of the annual accrual specified in rule 15, but no tax shall be deducted at the time of payment of discharge value."
Recent Topic
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
Related Topics
CAclubindia
