Nsc deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2014
sir,
my office client has taken NSC for his son.is it possible for the client to claim deduction of the NSC??
my office client has taken NSC for his son.is it possible for the client to claim deduction of the NSC??
09 January 2014
The deduction under section 80C is to be given to the person who has purchased the NSCs out of his income chargeable to tax.
Ref:Circular No. 405, F. No. 178/1/84-IT(AII), 15.1.1985
so you can claim if invested their children name
Ref:Circular No. 405, F. No. 178/1/84-IT(AII), 15.1.1985
so you can claim if invested their children name
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