tag:blogger.com,1999:blog-186812449327237938.post5044947748921309340..comments2024-03-21T14:00:12.468+05:30Comments on Investing Can be Interesting & Financial Awareness: National Saving Certificate - Tax treatment on Maturity Amount!Bloggerhttp://www.blogger.com/profile/10815614016570169757noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-186812449327237938.post-69806117896250139852013-05-24T23:04:37.943+05:302013-05-24T23:04:37.943+05:30You will receive what is mentioned in nsc certific...You will receive what is mentioned in nsc certificate as how much you will receive at the time of maturity and not interest till date.<br /><br /><br /><br />Bloggerhttps://www.blogger.com/profile/10815614016570169757noreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-75328449553080948072013-05-24T15:27:31.041+05:302013-05-24T15:27:31.041+05:30ok thanks a lotok thanks a lotAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-52324834666500913962013-05-24T15:25:57.144+05:302013-05-24T15:25:57.144+05:30i would like to know if s certain amount has been ...i would like to know if s certain amount has been invested in your national saving certificate scheme in the year 1993 and the same was due for maturity in the year 1999 but due to the said certificate being lost or misplaced the same has not been encashed till date. i would like to know whether i would be eligible to get interest on the maturity amount from the year 1999 till date or know. i Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-82946490895370785362013-03-19T00:15:00.764+05:302013-03-19T00:15:00.764+05:30Sir,
Suppose every year I am paying tax on interes...Sir,<br />Suppose every year I am paying tax on interest accrued on NSC and I am not taking the rebate under sec 80c as my other investments qualify under sec80c and I am investing every month in NSC. Now my point is after 10 years when my NSCs will be matured in every month then whether the whole maturity amount will be considered as taxable income or it will be totally tax free at that time as Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-41500711921437671112013-02-22T21:17:06.421+05:302013-02-22T21:17:06.421+05:30VERY NICE AND HELPFUL ARTICLE.. THANX..
VERY NICE AND HELPFUL ARTICLE.. THANX..<br />Anonymoushttps://www.blogger.com/profile/09436167302459453196noreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-85211020920439235312013-01-14T12:16:20.644+05:302013-01-14T12:16:20.644+05:30I added your blog link in my blog post.I added your blog link in my blog post.Bloggerhttps://www.blogger.com/profile/10815614016570169757noreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-56467665127168347472013-01-14T12:04:42.751+05:302013-01-14T12:04:42.751+05:30You can't use same NSC amount for tax deductio...<br />You can't use same NSC amount for tax deduction every year.<br />You have to consider only Interest income for tax deduction.Bloggerhttps://www.blogger.com/profile/10815614016570169757noreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-85322181607123844992013-01-14T11:54:37.525+05:302013-01-14T11:54:37.525+05:30You narrated the complete details with illustratio...You narrated the complete details with illustration.<br />Good work.<br />Bloggerhttps://www.blogger.com/profile/10815614016570169757noreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-13581705550000607982013-01-14T11:53:56.398+05:302013-01-14T11:53:56.398+05:30If you are considering interest on yearly basis so...If you are considering interest on yearly basis so the principal amount which you receive at the time of maturity is tax free, where as interest amount is taxable.<br />Last year interest income is taxable, but last year interest can't be claimed as deduction under section 80C<br />Bloggerhttps://www.blogger.com/profile/10815614016570169757noreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-63096680082631101772013-01-14T11:38:41.364+05:302013-01-14T11:38:41.364+05:30Hi Anonymous,
Yes.
As you know NSC is a cumulativ...Hi Anonymous,<br /><br />Yes.<br />As you know NSC is a cumulative scheme, means interest is not paid to the investor but instead accumulates in the account.<br /><br />As each year's interest is automatically re-invested in the NSC, it qualifies for a fresh deduction under Sec 80C, thereby making it tax free, except last year's interest Bloggerhttps://www.blogger.com/profile/10815614016570169757noreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-86828522215955069882013-01-13T14:27:05.049+05:302013-01-13T14:27:05.049+05:30Hi,
Your article was very helpful in clearing some...Hi,<br />Your article was very helpful in clearing some of my doubts about NSC interest, and to write an article about the same, at:<br />http://the-analytical-mind.blogspot.in/2013/01/how-to-file-nsc-interest-for-income-tax.html<br />I would appreciate it a lot if you could review the content and provide your valuable feedback.<br />Thanks<br />ParamParamdeephttps://www.blogger.com/profile/09172619928379424208noreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-684296742650478762013-01-10T22:55:16.656+05:302013-01-10T22:55:16.656+05:30Hi,
Myself deepak,
If i cosider interest on yearl...Hi,<br />Myself deepak,<br /> If i cosider interest on yearly basis and take it as my income , than would my int. Income on maturity be taxableAnonymoushttps://www.blogger.com/profile/09695730576502262341noreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-74016041068856825072013-01-09T16:18:41.066+05:302013-01-09T16:18:41.066+05:30Hi,
If we declare the interest on a yearly basis....Hi,<br /><br />If we declare the interest on a yearly basis. Can we use the same NSC for tax deduction every year?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-38658753370241284302012-04-25T00:14:58.895+05:302012-04-25T00:14:58.895+05:30Hi Neeta,
You can use form 15G (if below 60 yrs) ...Hi Neeta,<br /><br />You can use form 15G (if below 60 yrs) and form 15H (if 60 or above)<br /><br />Refer this article about Submission of Form 15G or Form 15H <br />Thursday, April 19, 2012<br />http://mutual-funds-personalfin.blogspot.in/2012/04/submission-of-form-15g-or-form-15h.htmlBloggerhttps://www.blogger.com/profile/10815614016570169757noreply@blogger.comtag:blogger.com,1999:blog-186812449327237938.post-88145575027439349432012-04-23T23:50:04.357+05:302012-04-23T23:50:04.357+05:30Which form is used for tax not to be deducted on n...Which form is used for tax not to be deducted on national savings scheme?Neetanoreply@blogger.com