exemption for NSC investment
This query is : Resolved
17 March 2009
Mr.A purchases NSC in his wifes name and it earns interest.by the virtue of Sec 64 the interst will be clubbed in the hands of Mr.A (all these will happen in one F.Y)
My question is can Mr.A claim deduction U/s 80c,and exemption for interst u/s 10(15)
My question is can Mr.A claim deduction U/s 80c,and exemption for interst u/s 10(15)
17 March 2009
If income will be clubbed, then all benefits related to such income is also available to assessee.
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