Hi,
My uncle invested in 3 year lock-in mutual funds for tax benefit. He bought the mutual fund in the name of his son. He made the payment from his account.
In that case, can he claim deduction under Section 80C? Or as the mutual funds are in his son's name, it is the son who can claim the deduction?
Please let me know.
DEPENDENT on father is very imporatant term and inserted w.e.f a.y. 2010-11...
| Originally posted by : Siddharth Bumb | ||
 |
yes your uncle will get deduction only and only if his son is depend on his father.... DEPENDENT on father is very imporatant term and inserted w.e.f a.y. 2010-11... |
 |
Dear All
If a individual women having income from Pancard club Ltd as commission since 2008-09 but she has not filed retun yet. TDS deducted by Pan card club is3000 in 08-09,4000 in 09-10 &8000 in 10-11.
Can she file the IT return ONLINE for FY 08-09,09-10 and 10-11. her income source only commission from pan card club. and she will get refund of Tds deducted.
Pls reply.
hey chetan it is not possible to file the return of F.Y.2008-09. But yes She can file the return of F.Y. 2009-10 & 10-11 and claim the refund
yes i ma agree with
siddharth bumb
DEPENDENT on father is very imporatant term and inserted w.e.f a.y. 2010-11...
| Originally posted by : Siddharth Bumb | ||
|
|
yes your uncle will get deduction only and only if his son is depend on his father.... DEPENDENT on father is very imporatant term and inserted w.e.f a.y. 2010-11... |
|
| Originally posted by : Siddharth Bumb | ||
|
|
yes your uncle will get deduction only and only if his son is depend on his father.... DEPENDENT on father is very imporatant term and inserted w.e.f a.y. 2010-11... |
|
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