Whether Tax Saving Fixed Deposit in the name of Spouse is allowed for deduction under chapter VI A???
Can I claim deduction on the basis of Tax Saving FD made in the name of my spouse???
CA Saagar K (student) (250 Points)
05 March 2015Whether Tax Saving Fixed Deposit in the name of Spouse is allowed for deduction under chapter VI A???
Can I claim deduction on the basis of Tax Saving FD made in the name of my spouse???
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 05 March 2015
yes you can claim deduction provided she does not claim the same in her Tax Return
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 06 March 2015
Hello,
For claiming deduction u/s 80c fixed deposit made in name of Own/joint name first name must be assessee.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
