NSC Maturity
Mutyala Satyanarayana (16 Points)
03 February 2018
My son. daughter NSC got maturity of amount 50000/- this financial year. this amount is taxable how it will be calculated.
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193771 Points)
Replied 03 February 2018
Interest amount is taxable annually. For minors, the tax liability will arise on any parent.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 03 February 2018
Maturity proceeds are not taxable.
Recent Topics
- Gold ETF STCG and LTCG
- Property capital gain, Bought in 2002 and sold in
- TDS Implication on Expensing Off Unrecovered Invoi
- Where can i Declare landlord share in GSTR-1
- Change of name on physical share certificates of P
- Workmen compensation insurance policy
- GST Revenue at All-Time High - A Genuine Growth or
- TDS On Purchase of Property by Firm
- Gst missing invoice in return
- Discuss and Download CA Inter Question Paper May 2
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
