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Deduction u/s 80C.

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(Querist)
28 January 2011 If person invest 50000/- in Kishan Vikash Patra in the name of his Spouse and represent himself as nominee on that..

Is he is elegible for getting deduction U/s 80C?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
28 January 2011 80C Deduction not available on Kishan Vikash Patra.

For details see below links---

http://investment.apnapaisa.com/small-saving-scheme/kisan-vikas-patras.html

http://multiutils.com/itp/pokvp.htm
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
28 January 2011 KVP is , anyway not covered under section 80C, so it doesnot matter in whosoever name it is taken.
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Guest

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Guest (Expert)
28 January 2011 Agree with experts.
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Sanoj Kr. Sharma

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Sanoj Kr. Sharma (Querist)
29 January 2011 Thanks....

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