80c deduction on tax save FD in the name of spouse

Dear experts,

 

Can i claim exemption under 80C if i invest in tax saver FD in my spouse/Children name.  Please clarify.

 

regards

 

P Narayanan

Replies (3)
Quick Summary
This discussion clarifies whether an individual can claim an 80C deduction for investments made in a Tax Saver Fixed Deposit (FD) account opened in their spouse's or children's names. The consensus is that such deductions are not permissible. Investments for claiming 80C benefits must be made directly in the assessee's own name.

No.
investment has to be in name of Assessee only

As per our opinion, benefit of investment in TaxSaver FD in the name of wife cannot be claimed by husband. 

No you cannot claim such deduction u/s 80C

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