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NSE deduction under section 80c text treatment in case of joint holder
weather income tax exemption under section 80c can be claimed Buy second named person in case of joint holding of NSC issue?
Replies (1)
Yes. The deduction under section 80C can be claimed by the person who has contributed the monies out of his income chargeable to tax.
Refer: Circular No. 405, F. No. 178/1/84-IT(AII), dated January 15, 1985 as corrected by circular No-418[F.No178/I/84-IT(A-1)],dated02-05-1985
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