Deduction u/s 80 c for nsc investment in case of huf

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 January 2012 If an assessee purchased NSC in the name of any member of the HUF, can the HUF claim deduction u/s 80C for the NSC purchased in the name of member
waiting

Thanxs

D K Bohra

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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30 January 2012 HUF can not invest in NSC.
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For more details please follow the link..
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http://www.indiapost.gov.in/netscape/6yearsNSC.html

Querist : Anonymous

Querist : Anonymous (Querist)

03 February 2012 Dear Sir,

pl advice whether HUF can claim deduction u/s. 80C for an investment made in time deposit scheme of post office 5 years in the name of HUF

Thanxs

D K Bohra

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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03 February 2012 In case account has been opened in the name of HUF, Deduction can be claimed U/s 80C.

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