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Interest accrued on NSC
by
Mrunalini Ramalingam
on Jul 16, 2007 08:53 AM
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The article is misguiding with regards to interest accrued on NSC, where it is said that interest on NSC is taxable. Interest accrued on NSC which is deemed to be reinvested is eligible for deduction under 80C for the first five years.
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The above message is part of the Discussion Board:
Is interest on investment taxed?
