Under section 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2014
Dear Sir,
I am Karta of my HUF. PAN allotted to my HUF. I want to invest in National Savings Certificate to the extent of Rs.40,000/-. If such investment is made can I claim deduction u/s 80C of the Income Tax Act 1961 for the AY 2015-16 (i.e. 31-03-2015) some of friends say HUF cannot invest in NSC IX Issue. Please advise me to compute my income for advance tax for AY 2015-16 for September 2015.
Thanking you,
Yours faithfully,
C. DURAIRAJ
I am Karta of my HUF. PAN allotted to my HUF. I want to invest in National Savings Certificate to the extent of Rs.40,000/-. If such investment is made can I claim deduction u/s 80C of the Income Tax Act 1961 for the AY 2015-16 (i.e. 31-03-2015) some of friends say HUF cannot invest in NSC IX Issue. Please advise me to compute my income for advance tax for AY 2015-16 for September 2015.
Thanking you,
Yours faithfully,
C. DURAIRAJ
CA UMESH DULAL
(Expert)
09 August 2014
Your HUF can claim deduction
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