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Question - What are the tax benefits under section 80C for the girl child under the Sukanya Samriddhi Account Scheme in Finance Bill 2015 ?
Benefits for individual taxpayers - Tax benefits under section 80C for the girl child under the Sukanya Samriddhi Account Scheme
28 Feb 2015 
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Tax deduction for Sukanya Samriddhi deposits: parents and guardians get 80C eligibility; interest and withdrawals exempt.
Contributions to Sukanya Samriddhi Accounts qualify for deduction under section 80C; interest on deposits and withdrawals made per Scheme rules are exempt from tax through proposed insertion of clause (11A) into section 10. The amendment permits parents or legal guardians to claim the 80C deduction for sums deposited in the name of a girl child. The Scheme is notified as a small savings instrument and the amendments are declared to have retrospective effect for the relevant assessment year and thereafter. (AI Summary)
Contributions to Sukanya Samriddhi Accounts qualify for deduction under section 80C; interest on deposits and withdrawals made per Scheme rules are exempt from tax through proposed insertion of clause (11A) into section 10. The amendment permits parents or legal guardians to claim the 80C deduction for sums deposited in the name of a girl child. The Scheme is notified as a small savings instrument and the amendments are declared to have retrospective effect for the relevant assessment year and thereafter. (AI Summary)