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)
1-HIS WIFE
2-SELF.
CAN HE GET DEDUCTION OF 10000 IN 80 C OR PARTLY(5000)
CA AnKiT BoHrA (AB)
(Expert)
03 April 2015
in mah view legally u can take deduction...
wait for some more expert views to clarify
wait for some more expert views to clarify
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03 April 2015
SIR OTHER EXPERTS TOLD THAT ONLY FIRST HOLDER GET DEDUCTION OF NSC
CA AnKiT BoHrA (AB)
(Expert)
03 April 2015
i hadnt read this written anywhere dear....
practically anyone can take.... but take care that only one takes
practically anyone can take.... but take care that only one takes
Message likes :
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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
SIR PLZ SEE THE LINK .IN THIS LINK EXPERTS SAYS THAT FIRST HOLDER CAN TAKE DEDUCTION
CA AnKiT BoHrA (AB)
(Expert)
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
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
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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.
CA AnKiT BoHrA (AB)
(Expert)
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....
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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