Direct tax
This query is : Resolved
25 January 2011
can a person take the deduction under 80C for NSC which is in the name of his wife?
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.
25 January 2011
Deduction cannot be claimed. Pl see section 80C (2) (ix) along with 80C (4) of the income tax Act,1961.
25 January 2011
No deduction can be claimed.
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