I bought NSC VIII Issue of Rs. 1000/- on 29.12.2012 and for Rs. 5000/- on 22.01.2013 i.e Total Rs. 6000/- in the financial year 2012-2013. I have reported this saving to my employer and they have shown it in Form 16 under deduction of 80C but return of F.Y. 2012-2103 was not filed by me.
As i have not counted Accrued Interest on NSE till date and not shown in any return filed by me after purchase of above said NSC. Kindly let me explain how to calculate Accrued interest of NSC of above value of Rs. 6000/- purchased on different dates and how i showed it in the return of F.Y 2015-2016 .
Also i purchased NSC VIII Issue of Rs. 20000/- on 06.06.2016. How I calculate Accrued Interest for the period 06.06.2016 to 31.03.2017 and for period 01.04.2017 to 31.03.2018 and later for further years till the maturity date 06.06.2021.
Also provide necessary information regarding taxation and If any formula of Calculation of Accrued interest of NSC is there then explain.
Refer my old blog post “NSC-Accrued Interest taxation and way to reduce it“.