Student
3986 Points
Joined July 2018
1. SCSS comes with the maturity of 5 years and at the end of 5 years, the account holder is having an option to extend once for 3 years within a period of 1 year from the date of maturity.
2. However, for claiming deductions u/s 80C new account is to be opened and investment should be fresh in order to claim deductions.
3. In your case renewal for another year without breaking it will not yield you deduction u/s 80C. The old account is to be closed and fresh account is to be opened and the year in which the account was opened sec 80C deduction will be available to the extent of the amount invested.
Please correct me if the above solution has an alternative view.