Deduction under sec 80c and clubbing
This query is : Resolved
Pranshu Bansal
(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???
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
Pranshu Bansal
(Querist)
26 March 2012
Thanks 4 d answer
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