With just a day left for the Modi government’s pre-election budget, speculations are going around whether the Finance Minister would issue a full-fledged budget making some big-ticket announcements or simply follow the protocol of issuing interim budget. The budget scheduled to be presented on February 1, is being keenly awaited as it is expected that the government will put favorable measures in plate of the masses. Chirag Nangia, Director answers the weekly queries for Financial Express.
Interest income on maturity of NSC is taxable as income from other sources – Chirag Nangia
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