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Nsc deduction

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 January 2014 sir,

my office client has taken NSC for his son.is it possible for the client to claim deduction of the NSC??
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 January 2014 The deduction under section 80C is to be given to the person who has purchased the NSCs out of his income chargeable to tax.

Ref:Circular No. 405, F. No. 178/1/84-IT(AII), 15.1.1985

so you can claim if invested their children name

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