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Section 80TTB on NSC Interest
Can we claim deduction u/s 80TTB on NSC Interest ?
Replies (5)
You have to declare the accrued interest on NSC under Income from other sources and on deduction side u can claim reinvested accrued interest for all the years except last year u/s 80C and ultimately your interest on NSC becomes tax free.
Thank you sir for reply , But I can claim under 80TTB not 80C deduction. Because 80TTB is over and above of 80C 1.5 Lakhs deduction.
No Sir You Can't Clam Under Section 80ttb sir....
Nope.. you can't claim u/s 80TTB.
Does the following post office deposit qualify for 80 ttb, namely NSC, MIS, TD, KVP,
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