I had received NSC from my father as gift on 12.02.2017, my 22nd Birthday. The due date of maturity of NSC is 29.12.2017. Maturity value of NSC is 9,62,000 while acquisition price mentioned is Rs 5,00,000. I have not shown any accrued interest in my return filed on July for F/Y 2016-17. Now what will be the tax treatment of the total interest received?
Dec. 21, 2017