Query on tax exemptions under 80c

Susheel (Software Engineer) (24 Points)

17 November 2014  

Dear Tax Experts,

I have 2 queries regarding tax exemptions under 80c:

1) I have a home loan and paying EMIs for an under construction Flat in Delhi NCR. Can I declare the repayment of Principal Amount towards tax ememption?

2) My mother bought NSC in the name of my child, but kept herself as nominee (bad choice though). Can I declare these NSC amount towards tax exemption in 80c on my name?

Thanks
Susheel