Hello All,
A person has invested Rs. 1,00,000 in NSC on 12/03/2018.
For AY 2019-20, which period interest will be considered in ITR?
and which period will be considered as 1st year of NSC?
Thanks
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Nsc interest
Replies (3)
for ay 2019 - 20 - interest related to 01.04.2018 to 31.03.2019 will be considered in ITR.
year notifies from the date of deposit. first year means 12.03.2018 to 11.03.2019
regards
prem
| Originally posted by : CA PREM KUMAR CH 9884343669 | ||
 |
for ay 2019 - 20 - interest related to 01.04.2018 to 31.03.2019 will be considered in ITR. year notifies from the date of deposit. first year means 12.03.2018 to 11.03.2019 regards prem |
 |
is it correct to say that 1st year NSC interest will be taxable in AY 2019-20.
and 2nd year interest will be taxable in AY 2020-21.
accrued interest will be shown income and claim exemption under 80c and shows under taxable after completion 5 or 10 year
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