Dear Sir, An assesse had purchased a NSC in F.Y. 2009-10 and this is the 5th year for Interest on NSC i.e. F.Y. 2014-15. Can he get the Interest amount as deduction under section 80C for this financial year. Please suggest as early as possible. Your valuable reply would be helpful. Thanks, Abhishek Roy Choudhury.
Hii Abhishek yes he can take interest as deduction as per sec 80C. under 80C investment and maturity amount are tax free but interest which is fixed is taxable afterwards you take interest as a deduction max upto 1.5 lacs.