NSC
This query is : Resolved
30 January 2010
Dear Experts,
Please clarify, NSC of spouse can consider under 80c/80cc?
Thanking you
Please clarify, NSC of spouse can consider under 80c/80cc?
Thanking you
MANISH MUNDRA
(Expert)
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
(Expert)
30 January 2010
I do agree...section 80 C
CA Ravi Sisodia
(Expert)
30 January 2010
agree , section 80C
RAJAN GUPTA
(Expert)
31 January 2010
agree,NSC on spouse name not covered ,complete detail about 80C whose name can be done is available here.
https://www.simpletaxindia.org/2008/02/saving-under-80c-whose-name-can-be-done.html
https://www.simpletaxindia.org/2008/02/saving-under-80c-whose-name-can-be-done.html
Murtaza I Bhagat
(Expert)
31 January 2010
agree to all experts.
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