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Deduction U/S 80C

This query is : Resolved 
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(Querist)
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.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
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
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