Can we buy......?
by Kartik on Jun 14, 2006 07:19 PM Permalink

Hi,

Can i buy NSC on my wife's name? My wife is house wife.

And can i show that investment in my IT return?

By that, at the time of maturity i would not need to pay tax on interest because total interest would be definitely less than 100000 for her.

Is it possible?

Thanks in advance.

Regards,
kartik.

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