07 April 2020
Dear members, I am a salaried person and want to know that only the investment made through my salary aacont is eligible for deduction? Suppose if I have a other bank account in which I have some saving amount lying and I purchase nsc worth Rs.50000 by debiting this accout,will that be eligible for deduction?
08 April 2020
Dear Naresh, Investment can be made from any of the account where you are Primary account holder, irrespective of the nature of account i.e. savings, salary, overdraft, or any other credit line. So you are free to invest from any of your account and can claim the benefit of deductions. Hope this clears your query. Regards:
CAclubindia
