Weather amount (principle + interest) received on maturity of National Saving Certificate, VIII issue is taxable in the year of receipt or not?
Menu
Weather amount received on Maturity of NSC is taxable ???
Replies (1)
Interest is taxable as and when it accrues and principal on refund is exempt from taxation.
We have to calculate interest during every year and have to pay tax on it. As the amount is reinvested we get deduction U/s 80C for the same.
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
