one of my colleague raised a question for the following.
He is working in a KPO company and invested 3 lacs on his name under section 80C where it 1.5 lac is enough.. Does his father avail remaining 1.5 lacs as IT exemption. Kindly advise
21 March 2016
Dear Pls explain the case elaborately, in whose name payments u/s 80C is made. But prima facie father can not take exemption of 1.5lakh rs.
CAclubindia
