what is meant by international savings certificates, this is taxable or detectable
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Quick Summary
This discussion clarifies the tax implications of National Savings Certificates (NSCs). Investments up to Rs 1.5 lakh in NSCs are eligible for a tax rebate under Section 80C. Importantly, the interest earned on these certificates is reinvested and also qualifies for a tax break, meaning the NSC is ultimately non-taxable.
Investments of up to Rs 1.5 lakh in the National Savings Certificate can earn the subscriber a tax rebate under Section 80C. Furthermore, the interest earned on the certificates is also added back to the initial investment and qualify for a tax break as well.