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Interest earned on NSCs taxed - Since in the present case the NSCs were due way back on the date of maturity, therefore, the interest earned on the said NSCs are required to be added to the income of the assessee in the current assessment year. - Tri

Income Tax - Interest earned on NSCs taxed - Since in the present case the NSCs were due way back on the date of maturity, therefore, the interest earned on the said NSCs are required to be added to the income of the assessee in the current assessment year. - Tri - TMI Updates - Highlights .....

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