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Taxable income

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56 Points Posted on 20 June 2020
is NSC interest MIS interest taxable
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On 20 June 2020 at 01:32 Report
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CFO- at NHTF
58280 Points Posted on 20 June 2020
You need to show in the ITR but those are exempt
59 Reply
On 20 June 2020 at 07:30
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56 Points Posted on 20 June 2020
Thanks
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On 20 June 2020 at 12:11
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Chartered Accountant
821 Points Posted on 21 June 2020
MIS & NSC interest both are taxable.

However, in case of NSC as it is a cumulative scheme, interest is reinvested and hence eligible for 80C deduction. Only final year's interest payout is not eligible for 80C as it is paid out to the investor
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On 21 June 2020 at 19:16


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