Whether NSC Purchased in the name of Spouse or Minor eligible for Deduction US 80C of Income tax Act 1961.
Regards.
Ca Sanjay Baheti
Whether NSC Purchased in the name of Spouse or Minor eligible for Deduction US 80C of Income tax Act 1961.
Regards.
Ca Sanjay Baheti
Dear Sanjay Sir,
NSC purchased in the name of spouse or minor child can be claimed u/s 80 C
The deduction under section 80C can be claimed by the person who has contributed the monies out of his income chargeable to tax. - Circular No. 405
CAclubindia
