Can we invest after death of person to avail 80C benefit before financial year closing

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21 Points Posted on 16 January 2021

Hi,

My father has passed away last month. 

He could not invest to avail 80 C deduction in FY20-21.

Can I invest on his name to available 80 C deduction for him?

Thanks

 

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On 16 January 2021 at 12:34 Report
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Quick Summary
This discussion addresses whether investments can be made in the name of a deceased person to claim the Section 80C tax deduction before the financial year closes. The consensus is that it is not possible to invest in the name of someone who has already passed away, nor can legal heirs make such investments on their behalf for the deceased's benefit.

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Chartered Accountant
24588 Points Posted on 16 January 2021
No as he passed away you cannot invest in his name
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On 16 January 2021 at 12:51
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17269 Points Posted on 16 January 2021
No, you can not invest in his name.
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On 16 January 2021 at 14:54
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Chartered Accountant
86505 Points Posted on 18 January 2021
How can you invest in the name of one who is deceased.
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On 18 January 2021 at 08:39
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17269 Points Posted on 18 January 2021
Nor can be invested in the name of legal heirs.
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On 18 January 2021 at 09:08

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