https://www.taxtmi.com/acts?id=47071 Section 80CCA allows eligible assessees a deduction in computing total income for deposits made under a Central Government-notified National Savings Scheme, equal to fifty per cent of qualifying deposits (excluding accrued interest) subject to a statutory ceiling. If amounts for which the deduction was claimed, together with accrued interest, are withdrawn (in whole or part), fifty per cent of the amount withdrawn is deemed to be the assessee's income for the year of withdrawal and is chargeable to tax; interest is not taxable except as provided by this withdrawal rule. en-us Tue, 07 Jan 2025 12:28:26 +0530 Tue, 07 Jan 2025 12:28:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47071 Section 80CCA allows eligible assessees a deduction in computing total income for deposits made under a Central Government-notified National Savings Scheme, equal to fifty per cent of qualifying deposits (excluding accrued interest) subject to a statutory ceiling. If amounts for which the deduction was claimed, together with accrued interest, are withdrawn (in whole or part), fifty per cent of the amount withdrawn is deemed to be the assessee's income for the year of withdrawal and is chargeable to tax; interest is not taxable except as provided by this withdrawal rule. Act-Rules F. Acts / Amendment Acts Tue, 07 Jan 2025 12:28:26 +0530 https://www.taxtmi.com/acts?id=47071