NSC

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Sunitha

Sunitha (Querist)
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30 January 2010 Dear Experts,

Please clarify, NSC of spouse can consider under 80c/80cc?

Thanking you

MANISH MUNDRA

MANISH MUNDRA (Expert)
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30 January 2010 As per section 80 C of income Tax Act, any subscription by an individual or HUF to National Savings Certificates(viii Issue). Any interest accrued on these certificates which is deemed to be reinvested also qualifies for deduction. Hence NSC of spouse cannot be consider under 80 C.

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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30 January 2010 I do agree...section 80 C

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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30 January 2010 agree , section 80C

RAJAN GUPTA

RAJAN GUPTA (Expert)
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31 January 2010 agree,NSC on spouse name not covered ,complete detail about 80C whose name can be done is available here.

http://www.simpletaxindia.org/2008/02/saving-under-80c-whose-name-can-be-done.html

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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31 January 2010 agree to all experts.

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