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

Tax queries 262 views 4 replies
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21 Points Joined October 2020

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
Replies (4)
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Chartered Accountant
24588 Points Joined November 2019
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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17264 Points Joined December 2018
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 Joined April 2011
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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17264 Points Joined December 2018
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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