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(Querist)
25 January 2011 can a person take the deduction under 80C for NSC which is in the name of his wife?
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Om Kumar

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Om Kumar (Expert)
25 January 2011 Yes but only in case, if she is not having any income of her own and she is fully depend on her husband.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
25 January 2011 Deduction cannot be claimed. Pl see section 80C (2) (ix) along with 80C (4) of the income tax Act,1961.
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Ratan Sharma

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Ratan Sharma (Expert)
25 January 2011 No deduction can be claimed.

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