Harbil Nsc80 Popular Q&A

Q: Interest on NSC - deduction under 80C?
A: Actually interest accrued on NSC reinvested every year. So it qualifies for rebate u/s 80 C. Calculation of the interest accrued on NSC's as per following : Ann... Read More »

Q: I plan to invest in nsc & wish to know if the entire amount or on...
A: Do not invest in NSC. Interest is fully taxable.You can invest any amount. Total exemption under 80C is only 1 lakh. This includes your compulsory PF deducted i... Read More »

Q: Is interest earned in an NSC (National Savings Certificate) accou...
A: Related Articles and Products: Tax Planning Smart Selection of Tax Saving Products Invest in Long Term Infrastructure Bonds to Save Tax Tax strategies for next ... Read More »

Q: Is interest accrued from National Savings Certificate taxable or ...
A: NSC interest will be taxable under the head `income from other sources' based on the method of the accounting you have adopted. If you are offering income based... Read More »

Q: Is accrued interest on f.d. u/s 80-c) which is deemed to be reinv...
A: You can claim for rebate under 80C and the interest which you get a that FY and that amount should be reinvested for long period not less than 3 years. Read More »

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