80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 March 2012
hello sir/mam,
can fd taken on the name of son/daughter also eligible for 80c
what are the provisions if son/daughter minor/major
can fd taken on the name of son/daughter also eligible for 80c
what are the provisions if son/daughter minor/major
03 March 2012
If we see the provision of Section 80C which includes the benefit of FD,if an assessee is an individual,then following person is dependent in relation to Individual, spouse, children, parent of either spouse. FD can be taken in the name of Minor child out of the individuals taxable income. For Minor, the Gurdian & Nominee would be Individual. If taken for Major benefit is not available.
03 March 2012
If we see the provision of Section 80C which includes the benefit of FD,if an assessee is an individual,then following person is dependent in relation to Individual, spouse, children, parent of either spouse. FD can be taken in the name of Minor child out of the individuals taxable income. For Minor, the Gurdian & Nominee would be Individual. If taken for Major benefit is not available.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
