Dear Sakshi,
Generally, to become eligible for the tax exemption, investment done in that financial year is applicable. If one buys a National Savings Certificate (NSC), the savings are applicable for that financial year only. How it can be spread across an entire period of six years?
Please confirm to us what type of investment scheme it was. No comments can be given unless we have complete knowledge of the investment scheme.
Thanks,
Dinesh Divekar