NSC Purchase
This query is : Resolved
06 March 2010
Can NSC purchase in name of major child or wife name is allowed as deduction U/S 80C?
Please reply
Thanks.
Please reply
Thanks.
06 March 2010
Yes, if you can prove that you have paid this amount through your income...
07 March 2010
I didn't found anything that you can purchase NSC in child name and you got deduction for that. So it is not suggested to purchase in child name for income tax purpose.
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