This pertains to the NSS1987 that came into force on I April 1987. Fresh deposits under the scheme were discontinued from 1 October 1992. Subsequently, the government launched a new scheme NSS-92, but this too was discontinued after 1 November 2002. The interest applicable on both the schemes was 7.5%, commencing from 1 March 2003 till 30 September 2024.
With reference to an 8 November article in Mint, the finance ministry said it may be noted that these schemes were introduced mainly to defer the tax liabilities in those years.
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JSW Gets a Copper Lining to Metals Biz
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CID Takes Over 2 New Cases Linked to Murder of Beed Sarpanch
Karnataka, Rajasthan and MP Have Been Given Fortnight to Furnish Their Responses
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Investors Chase New Fancy in Unlisted Avenue
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RBI Flags Unsecured Loan Caps, Private Credit Links
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Japan Airlines hit by cyberattack, delays year-end flights
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May 9 Riots: 60 Civilians Get 2-10 Years in Pakistan Military Courts
Pakistan military courts have sentenced 60 more civilians for taking part in pro-Imran Khan unrest last year, the armed forces said on Thursday, after international outcry over earlier announced convictions.
