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Excerpt: Let us say you want to invest in tax saving fixed deposits which gives you deduction u/s 80C . Let us say , your wife is made first holder and you have given your name as second holder . The question comes , whether you can claim deduction for investment in such tax saving fixed deposits. 80CCF also provides additional deduction of Rs 20,000 . Let us say , you have a demat account wherein your wife is first holder and you are second holder. Let us say you want to invest in IFCI infrastructure bonds which is directly credited in your joint…
