80 C DEDUCTION


This query is : Resolved 

Quick Summary
Yes, your husband can invest in your daughter's Sukanya Samriddhi Yojana account and claim the Section 80C deduction, even though the account is in your daughter's name. The investment can be claimed in his Income Tax Return (ITR), so there's no issue with TDS non-deduction. The deadline for making investments for the financial year 2019-20 has been extended to 30th June 2020.

30 March 2020 I HAVE OPENED A SUKANYA SAMRIDHI ACCOUNT IN THE NAME IN THE NAME OF MY DAUGHTER I HAVE DEPOSITED 30000 AND CLAIMED 80 C DEDUCTION CAN MY HUSBAND ALSO INVEST 50000 IN IT AND CLAIM 80 C BENEFIT FOR F/Y2019-20

30 March 2020 Yes your husband also can claim.

30 March 2020 AS THE ACCOUNT IS IN MY NAME SO HOW CAN HE CLAIM NON DEDUCTION OF TDS FROM HIS EMPLOYER

30 March 2020 Account is in the name of your daughter he can claim. TDS non deduction problem.

31 March 2020 No problem of non deduction of TDS it can be claimed in ITR

31 March 2020 IS THE DEADLINE FOR INVESTMENT IN 80 C DEDUCTIONS FOR F/Y 19-20 TILL 31-3-20 OR HAS BEEN EXTENDED TO 30-6-20

31 March 2020 Extended to 30/06/2020.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query