NSC Purchase
This query is : Resolved
06 March 2010
Can NSC purchase in name of major child or wife name is allowed as deduction U/S 80C?
Please reply
Thanks.
Please reply
Thanks.
Kailash Joshi
(Expert)
06 March 2010
Yes, if you can prove that you have paid this amount through your income...
CA Prashant Gupta
(Expert)
07 March 2010
I didn't found anything that you can purchase NSC in child name and you got deduction for that. So it is not suggested to purchase in child name for income tax purpose.
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