Exemption u 80(C)

SPB 1
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Hi,

I've made a five year FD in my daughter's name (3yrs) and wife as nominee for an amount of Rs.75000/- in April 2012. The payment was also made by her. She's a homemaker and is not claiming it for exemption. I was working in a company till June 2012 and did not claim it for exemption. I've joined a new company in July 2012. Can I claim this amount for exemption U 80(c)?

Thanks, SP

fixed-deposit section-80c tax-saving exemption
1 Answers

Deduction for Tax saver fixed deposit under section 80C can only be claimed if same has been taken in name of assessee only (or in joint name with assessee as first name).

Pankaj Batra5212
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