Regarding Deduction u/s80C

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Accountant
647 Points Posted on 20 March 2021
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.
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On 20 March 2021 at 17:46 Report
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Quick Summary
This discussion clarifies eligibility for tax deductions under Section 80C concerning the Sukanya Samriddhi Yojana. While contributions towards a daughter's Sukanya Yojana are eligible for deduction up to Rs 1.5 lakh, investments made for a granddaughter by a grandfather are not eligible for this specific tax benefit.

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Chartered Accountant
24588 Points Posted on 20 March 2021
Yes you can claim deduction
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On 20 March 2021 at 17:49
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17269 Points Posted on 20 March 2021
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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On 20 March 2021 at 22:53
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PROPRIETOR
552 Points Posted on 22 March 2021
Not liable to 80c deduction
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On 22 March 2021 at 17:38

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