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NSC Purchase

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(Querist)
06 March 2010 Can NSC purchase in name of major child or wife name is allowed as deduction U/S 80C?

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Thanks.
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Kailash Joshi

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Kailash Joshi (Expert)
06 March 2010 Yes, if you can prove that you have paid this amount through your income...
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CA Prashant Gupta

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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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