IT Deduction under Sukanya Scheme

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This query is : Resolved

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This discussion clarifies who can claim the IT deduction under Section 80C for contributions to the Sukanya Samriddhi Yojana. If you transfer funds to your wife's account, which is then used to fund your daughters' Sukanya accounts, you cannot claim the deduction yourself. Your wife, as the account holder, is eligible to claim the 80C deduction for these contributions.

Vikram Sodhi

Vikram Sodhi (Querist)
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10 January 2020 My wife is a homemaker, we have two daughter’s, for whom we have opened the Sukanya account. Both accounts are in the name of my wife.
Every month I transfer the amount to my wife’s account through Fund Transfer from my salary account from where it gets deducted for the Sukanya accounts.
Can I claim the deduction under 80C in this case while filling my return.