Dear Sir,
I have made Post office time deposit (5 years ) made in the name of my son and wife . Whether it is eligible for deduction u/s 80 c.
Thanks
Arul Murugan.M
CA Saiyum khan
(Practicing CA)
(690 Points)
Replied 29 March 2011
Yes it is eligible for deduction U/s 80C as it is specified deposit by central government.
Arulca
(CA Job)
(34 Points)
Replied 29 March 2011
Thank you very much sir.
Please confirm deduction is eligible even if it is made in son and wife name
Arul Murugan.M