Tax saving fd
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 December 2012
I want to invest in Tax Saving FD on my wife name but i paid the fund from my bank a/c by cheque. in this case i will take the benefit in tax save in u/s 80c
08 December 2012
Deduction can be availed only be the person in whose name the FD is issued.
If the FD is issued in joint name, then deduction can be claimed by the person whose PAN is mentioned on the FD.
If the PAN of both the holders is mentioned, then normally the first holder can claim deduction.
If the FD is issued in joint name, then deduction can be claimed by the person whose PAN is mentioned on the FD.
If the PAN of both the holders is mentioned, then normally the first holder can claim deduction.
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