Easy Office
LCI Learning

DEDUCTION U/S 80C-NSC

This query is : Resolved 
Profile Image

Profile Image

(Querist)
25 March 2009 Dear members

One of our employee has invested in 6 years NSC on her mother and her own name..means joint name NSC./nw my question is that can that employee claim this NSC amount u/s 80c??
Profile Image

CA Pattanayak

Profile Image

CA Pattanayak (Expert)
25 March 2009 Only partial amount of her portion of deposit can be claimed.
Profile Image

CA Nitin Wadhwani

Profile Image

CA Nitin Wadhwani (Expert)
25 March 2009 No.
The fisrt joint-holder only is entitled to claom the deduction and for liable for taxation of interest thereon.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links