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Investment in NSC

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 March 2011 Dear Sir,
I have made 3 NSC.one in my name, 2nd in my wife's name, and third in the name of my child.

Ques 1:- Can I claim all the three NSC in my file as deduction.

Ques 2:- If NSC is in the join name, can I claim in my return even if my wifes name is first and my name is secong.

Kindly guide
Thanks in advance
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 March 2011 1. 80C will be allowed for the NSC standing in the name of the assessee only.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
22 March 2011 agreed, only nsc holder can claim u/s 80C
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Querist : Anonymous

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Querist : Anonymous (Querist)
22 March 2011 What will be the case if NSC is in the joint name, but the name of wife is first and the name of employees is second name
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
24 March 2011 First name should be yours & second name could be anybody.

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