Sir I want to know that I am eligible to take the deduction u/s 80C on account of amount invested in sukanya yojana in the name of my minor granddaughter ?.Sir please guide me. Thanks.
Your contributions towards the Sukanya Samriddhi Yojana for your daughter's future are eligible for tax deductions under Section 80C of the Income Tax Act 1961. Thus, you can claim tax deductions up to Rs 1.5 lakh invested in the scheme. (not in respect of grand daughter by grand father)
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