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Deduction under sec 80c and clubbing

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(Querist)
25 March 2012 I want to know if parent deposit money as term deposit in the name of minor child then whether any deduction is available to parents under sec 80c???
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JIGAR DALAL

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JIGAR DALAL (Expert)
26 March 2012 Yes, you can claim deduction under section 80C, but deposit will be of 5 yrs or more than five years
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Pranshu Bansal

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Pranshu Bansal (Querist)
26 March 2012 Thanks 4 d answer




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