Investments in national saving certificates

397 views 1 replies

Dear Sir,

One of our Company employee has invested money in "National Saving Certificate" but in his Wife Name. Please let me know, whether husband can take Tax benefit on his tax liability in this case. Please note that his wife is not in service and does not have any other source of income.

Regards,

SACHIN AROLKAR

9822126890

 

 

Replies (1)

The deduction for NSC under section 80C is to be given to the person in whose name the investment is done. It is specifically mentioned in case of PPF, LIc etc that it can be in the name of spouse. But in case of NSC, not so mentioned.

also remember that interest accrued on NSC will be taxed in the husband's hands only as clubbing provisions will be attracted.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details