Investment in Kisan Vikas Patra

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 March 2011 Dear Sir,
Is investment in Kisan Vikas patra eligible for dedcution u/s 80C

Thanks in advance

23 March 2011 No its not eligible u/s 80C

23 March 2011 agreed, not deductible, but NSC of post is eligible investment


23 March 2011 Kissan vikas patra will not be covered under 80 C

23 March 2011 KVP not eligible under 80C

NSC and Post office Term Deposit for 5 years covered under 80C

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 March 2011 But sir, will NSC and 5year recuuring deposit done in the name of wife will be eligile for 80C.

Secondly what if first name is my wifes name and second name is my name, then can I claim deduction for that NSC or REcurring deposit

23 March 2011 No

Instead invest in PPF account. Investment made in your wife' name will be eligible for 80C deduction.

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 March 2011 Sir, is 5 year monthly recurring deposit in post office eligibe for deduction u/s 80C


25 March 2011 No.. recurring deposit is not eligible. 5 years post office deposit is eligible.



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