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deduction under section 80 C of IT act

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(Querist)
16 July 2010 A person can claim deduction under section 80 C, if he has made that investment on the mane of his grand daughter? Please advice
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 July 2010 No. Only investment made in childrens name is allowed.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
16 July 2010 Agreed, deduction only for Investment made in his childrens and parents.
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Sumit verma

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Sumit verma (Querist)
16 July 2010 THANKS!!!
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
16 July 2010 You can also thank by clicking on the thank user icon below the name of the expert.

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