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Under section 80c

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Querist : Anonymous

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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
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
09 August 2014 Your HUF can claim deduction
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