DEDUCTION U/S 80C-NSC
This query is : Resolved
25 March 2009
Dear members
One of our employee has invested in 6 years NSC on her mother and her own name..means joint name NSC./nw my question is that can that employee claim this NSC amount u/s 80c??
One of our employee has invested in 6 years NSC on her mother and her own name..means joint name NSC./nw my question is that can that employee claim this NSC amount u/s 80c??
25 March 2009
Only partial amount of her portion of deposit can be claimed.
25 March 2009
No.
The fisrt joint-holder only is entitled to claom the deduction and for liable for taxation of interest thereon.
The fisrt joint-holder only is entitled to claom the deduction and for liable for taxation of interest thereon.
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