Dear Sir,
I need your help.
I purchased NSC in Dec-14 of worth Rs. 40000 and purchased Rs. 70000 NSC in Dec -15. I claimed only principal in those particular year ITR but did not show interest (In form of interest of other source & in deduction in 80C) from those in ITR of subsequent years.
Now in Dec -2019, NSC of Rs. 40K , Purchased in Dec -14, got matured , but i could not got them en-cashed them. SO please help me with your kind reply of following questions.
1). As encashment is not done so far,can i show interest of NSC in income from other sources , if yes then which 5th year interest or complete interest?
2). As i did not shown interest of Rs. 70000 NSC Purchased in Dec-15, so can i show fourth year income in ITR AY 2020-21?
3) As there is no details of NSCs in 26AS and declaration of interest of NSC will lead to notice from ITR? Then how to deal with this notice?
Thanks in advance...
CAclubindia
