Deduction of interest on national saving certificate
This query is : Resolved
Kruti Anil Mehta
(Querist)
11 December 2017
Suppose the grandfather invests in NSC(National Saving Certificate) where his minor grand daughter is the beneficiary and his son is the guardian. Then who shall be eligible for deduction of 80C? Grandfather or guardian( ie his son)?
11 December 2017
1. Grand father will not get the deduction since investment is not in his name.
2. Son /minor will not get the deduction since he has not invested in the security.
2. Son /minor will not get the deduction since he has not invested in the security.
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