Tax Implications under 80C & Interest for NSC jointly in the name of two tax payers

A salaried couple have purchased a NSC VIII Issue Certificate with Mode of Operation as Joint B with name of Husband (Investor 1) & Wife (Investor 2) from their Joint Post Office Savings Account without any clear demarcation of funds between husband & wife.

My Query is as follows:

Will only the husband (Investor 1) be eligible for 80C benefits and also have to show the NSC interest income?

or

Will both the husband (Investor 1) and wife (Investor 2) both be eligible for 80C benefits in 50% and also show the NSC interest income as 50%. 

The Post Office has recently been uploding the interest details in AIS however in this case no details are available. Kindly guide.

Replies (1)

Generally SFT report is uploaded on first holder's PAN. So in this case it will be reported under Husband's PAN. If you wish to divide it, you need to rectify TDS schedule of Husband's ITR and enter the 50% value in Wife's ITR.

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