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80C deductions

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(Querist)
18 December 2008 NSC prurchased in the name of spouse or minor daughter can be included under 80c deductions or not ?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
18 December 2008 No, deduction can not be claimed for investment in NSCs in the name of spouse. Pl refer sub-section 4 of section 80C.
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K V RAMA MOHAN RAO

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K V RAMA MOHAN RAO (Querist)
18 December 2008 Is such provision restrited to LIC schemes only
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
18 December 2008 As per sub section 4 the investment in the name of spouse or chldren is elegible for deduction in the following cases:

PPF
LIC
LIC Mutual Fund
Tuition Fee (For 2 children)

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