Section 80 C
This query is : Resolved
23 April 2011
If a person invests in a 5 year Tax Saving F.D. or in an E.L.S.S. scheme on behalf of his spouse or children , can he claim this amount as deduction from his Gross Taxable Income under Section 80 C in his Income Tax Return ?
23 April 2011
Both the deposit's should be in his name only so as to claim the benefit of deduction under section 80C of the Income tax Act,1961.
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