Interest accrued on nsc is case of joint ownership
Querist : Anonymous
Please clear my query..My query is..
I.) If interest is accrued on NSC and there is Joint ownership, which owner can claim deduction u/s. 80C, if it is owned by:
1.) Two individuals, both Major
2.) One Major & one Minor (e.g. Father & Son)
II.) Also at the time of purchase of NSC, who can claim deduction??
Can Both the owners as in option 1.) above claim deduction???
It is 50%-50% owned by both...
Querist : Anonymous
But what if it is owned by 2 Majors..???
Who can claim deduction??
Querist : Anonymous
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