Nsc interest

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