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Deduction of nsc in case of joint name

This query is : Resolved 

28 March 2015 A EMPLOYEE TAKE A NSC AMOUNT 10000 IN JOINT NAME.
1-HIS WIFE
2-SELF.
CAN HE GET DEDUCTION OF 10000 IN 80 C OR PARTLY(5000)

03 April 2015 in mah view legally u can take deduction...

wait for some more expert views to clarify

03 April 2015 SIR OTHER EXPERTS TOLD THAT ONLY FIRST HOLDER GET DEDUCTION OF NSC




03 April 2015 i hadnt read this written anywhere dear....
practically anyone can take.... but take care that only one takes

03 April 2015 https://www.caclubindia.com/experts/deduction-u-s-80c-nsc--151651.asp
SIR PLZ SEE THE LINK .IN THIS LINK EXPERTS SAYS THAT FIRST HOLDER CAN TAKE DEDUCTION

03 April 2015 i had seen ur link....

but in mah view.. its allowed... also if there is so much risk, u can give undertaking that the other wil not claim the same amount for same nsc

03 April 2015 SIR REASON OF MY ASKING THIS QUESTION IS THAT I AM CALCULATION TDS ON SALARY U/S 192 FOR THE F.Y 2014-2015. AN EMPLOYEE TDS DEDUCT FROM SALARY IS 3450. BUT NOW HE SHOW ME HIS NSC AMOUNT 40000. BUT MY PROBLEM IS THAT HIS NSC IN JOINT NAME. IF I ADD HIS NSC IN HIS DEDUCTION UNDER 80C. THEN HE CAN SAVE HIS TDS AMOUNT 3450. BUT IF I WILL NOT ADD NSC AMOUNT IN 80C THEN I WILL DEDUCT TDS 3450. SO I AM ASKING AGAIN AND AGAIN THIS QUESTION.

03 April 2015 i had told u what i thinks.. and usually by taking undertaking u can do so as i said,....

stil for ur doubts.. i wil suggest u to refer or ask this to a Practicing CA.. he wil b much more expert in this....






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