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Topic: How shall the taxability and deduction be determined?  XML
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MaharajKrishanBhat


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I have invested Rs.10,000 in National Saving Certificate (NSC), I shall receive the amount on maturity.
Aasa


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Though the amount shall be received on maturity but the interest accrued shall be taxed annually but the good part is that the initial investment as well as the interest accrued for first 5 years shall qualify for deduction under section 80C. So what ever is added to your income in the first 5 years of Investment shall also qualify for deduction.
 
Discussion forums » Income Tax Planning
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