Investment in NSC
This query is : Resolved
Querist : Anonymous
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
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
21 March 2011
1. 80C will be allowed for the NSC standing in the name of the assessee only.
22 March 2011
agreed, only nsc holder can claim u/s 80C
Querist : Anonymous
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
24 March 2011
First name should be yours & second name could be anybody.
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