Investment in fdr
This query is : Resolved
10 January 2014
Respected Sir/ Mam,
Can We claim Deduction U/80C for the investment made in FDR in Central govt Scheme.The Investment is on the name of assessee's spouse.Is it possible to claim the deduction for assessee.
Can We claim Deduction U/80C for the investment made in FDR in Central govt Scheme.The Investment is on the name of assessee's spouse.Is it possible to claim the deduction for assessee.
10 January 2014
Tax-saving fixed deposits (FDs) of scheduled banks with tenure of 5 years is entitled for section 80C deduction.
Message likes :
1 times
10 January 2014
ok sir,Can I claim the deduction if Investment is in the name of assessee's spouse.thanks in advance.
10 January 2014
Yes you can.
Message likes :
1 times
10 January 2014
Assessee can't claim 80C deduction if the 5 year fixed deposit of scheduled bank is in the name of spouse.
Ref:- Corollary to section 80C(4).
Ref:- Corollary to section 80C(4).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
