Investment by huf in post office schemes like nsc and kisan vikas patra

HUF

I understand that Huf can claim deduction U/s 80 C for nsc. But post office accept applications from individual only. More over now copy of Pan card of applicant is required .Now to claim deduction whose Huf`s Pan card or Karta` s pan card is to be submitted.

Thanks

Guest

Dear Friend, Plz. note, now a days only individuals can apply/purchase NSC & KVPs.

HUF under it’s own name can’t invest.

If a HUF, wants to invest in NSC or KVP, it may do so only under the name of it’s members. In this case, the PAN of the member should be produced while applying for NSC or KVP.

Thanks

Ashal

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