Tax saving fd

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2012 I want to invest in Tax Saving FD on my wife name but i paid the fund from my bank a/c by cheque. in this case i will take the benefit in tax save in u/s 80c

@VaibhavJ

@VaibhavJ (Expert)
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08 December 2012 HI

In whose name FD is?

Thanks Vaibhav

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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08 December 2012 Deduction can be availed only be the person in whose name the FD is issued.

If the FD is issued in joint name, then deduction can be claimed by the person whose PAN is mentioned on the FD.

If the PAN of both the holders is mentioned, then normally the first holder can claim deduction.

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