Deduction U/S 80C
This query is : Resolved
07 October 2010
1. Can a HUF claim Deducton of 80C in respect of
a) LIC premium Paid for his members or the karta.
b) NSC purchsed from its sources in the name of any of its members including the karta.
2. If the answer to abovr 1(b) is No, then in that case can a HUF Invest its money in NSC purchased in the name of its members even though it is not allowed for deduction U/S 80C.
a) LIC premium Paid for his members or the karta.
b) NSC purchsed from its sources in the name of any of its members including the karta.
2. If the answer to abovr 1(b) is No, then in that case can a HUF Invest its money in NSC purchased in the name of its members even though it is not allowed for deduction U/S 80C.
07 October 2010
1.a. LIC premium paid any memeber of the HUF is allowed under sec.80C
1.b. Allowed, provided the respective memeber not claimed in their own return
1.b. Allowed, provided the respective memeber not claimed in their own return
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- TDS ON CASH WITHDRAWALS...
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Pan Card apply for Self help group
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
