Under sec 80c
This query is : Resolved
Apparao Chinta
(Querist)
21 March 2016
Dear sir
one of my colleague raised a question for the following.
He is working in a KPO company and invested 3 lacs on his name under section 80C where it 1.5 lac is enough.. Does his father avail remaining 1.5 lacs as IT exemption. Kindly advise
Thanks & Regards
Apparao Chinta
one of my colleague raised a question for the following.
He is working in a KPO company and invested 3 lacs on his name under section 80C where it 1.5 lac is enough.. Does his father avail remaining 1.5 lacs as IT exemption. Kindly advise
Thanks & Regards
Apparao Chinta
Ankur Singhal
(Expert)
21 March 2016
Dear
Pls explain the case elaborately, in whose name payments u/s 80C is made.
But prima facie father can not take exemption of 1.5lakh rs.
Pls explain the case elaborately, in whose name payments u/s 80C is made.
But prima facie father can not take exemption of 1.5lakh rs.
Amol S Joglekar
(Expert)
21 March 2016
No. Father can NOT claim the 80C benefits for the payments made out of income of other person
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