Sukanya samriddhi account - 80c exempt to father or mother

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2016 I am a father & guardian for my daughters Sukanya Samriddhi account (SSA).
My 80C limit gets exhausted through EPF, so I am unable to claim exemption for deposits in SSA.

My query is, if cash is deposited in SSA, then can the mother claim the 80C exemption (despite father being an guardian) ?

Note that 80C says that one who deposits the amount can claim exemption. So if a cash is deposited and if we say that the cash deposited was from mothers earning, will this be a safe way to claim exemption for mother.

CA SAGAR M. AHUJA

CA SAGAR M. AHUJA (Expert)

09 September 2016 Yes You can take exemption under section 80C by showing the contribution is from mothers income.

Thanks.

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2016 Dear CA Sagar,

Mothers employer is not accepting the tax proof submission as her name is no where in the passbook(father is the guardian). Can you please provide some case laws or some literature for reference which I can refer.

Thanking you for your support

CA SAGAR M. AHUJA

CA SAGAR M. AHUJA (Expert)

12 September 2016 But You can claim the same in ITR.
Further, You can also say that account is open by my name because all banking operations of the family is handled by me but the investment in same is from my wife's income assuming you are deposited the money by cash.
Thanks.

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