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Deduction U/s 80 C

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(Querist)
04 February 2011 Hi,

I have invested in NSC jointly with my mother. Is that allowed for deduction. My mother is house wife she is not filing any return. So there is no question of taking deduction.

My another question is whether joint investment can be made in the tax saving scheme.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
04 February 2011 The First Holder is entitled to claim the
deduction. If the scheme permits you may invest in joint names.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
05 February 2011 First holder may claim the deduction, with a certication that otherone is not claiming the same.
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CA.Hanumantha Reddy

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CA.Hanumantha Reddy (Expert)
05 February 2011 you can claim the deduction.
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Guest

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Guest (Expert)
05 February 2011 Agree with experts.

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