a person invest in NSC in the name of Minor child. can person claim 80c deduction in his income tax return ???????????
6 Replies
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 20 July 2016
https://googleweblight.com/?lite_url=/forum/nsc-in-name-of-spouse-children-75068.asp&ei=ySY2-AR4&lc=en-IN&s=1&m=376&host=www.google.co.in&ts=1469011206&sig=AKOVD67Kf-lQ4Nx9dJ3LXZ_amOXBTVAevA
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 20 July 2016
this answers your query
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 20 July 2016
No You Will Not Able To Claim Deduction Under Section 80C Either You Have To Purchase On Your Own Name or In Joint With Other
/forum/nsc-in-name-of-spouse-children-75068.asp
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 20 July 2016
there is a circular 405 in 1985, which says you can get the benefit you can get the circular in incometaxindia.gov.in.
you can take 80c benefit, club your sons nsc interest income to your income tax return
you can take 80c benefit, club your sons nsc interest income to your income tax return
minal
(Student CA Final )
(157 Points)
Replied 20 July 2016
invest in during the year hence no income in this year???????
now can we claim NSC deduction under 80C ??????????
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 20 July 2016
yes you can claim deduction...
as per that circular
as per that circular
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