Nsc claim in huf account in 80 c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 November 2011
Dear Sir,
If NSC is purchased in the name of the member of a HUF. Whether deduction u/s.80C can be claimed in the HUF account and the payment of the NSC is made from the saving account of the HUF.
PL CLARIFY WITH DETAILS
Dear Sir,
If NSC is purchased in the name of the member of a HUF. Whether deduction u/s.80C can be claimed in the HUF account and the payment of the NSC is made from the saving account of the HUF.
PL CLARIFY WITH DETAILS
15 November 2011
HUF cannot take deductions for NSC investments of the member even paid from HUF bank account also
07 March 2012
For availing tax benefit u/s 80C, the investment needs to be made in name of HUF through Karta. Only then you can claim tax deduction.
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