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Deduction U\S 80C

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(Querist)
22 May 2010 Can a individual claim in minor file deduction u\s 80c.
Parents Income is 500000
minor income is 50000 (taxable)
P.p.f. deposit is in each file 70000 (total - 140000)

how much an individual can claim u\s 80c
70000 or 100000
or
what will be the computation of Individual
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daya shankar singh

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daya shankar singh (Expert)
22 May 2010 If Minor claim the deduction in respect of the amount of deposit in PPF, then his father is not able to claim deduction on the same
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CMA RV Padmakumar.A

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CMA RV Padmakumar.A (Expert)
22 May 2010 80 c maximum Rs.1,00,000/-
In this case,
ppf Rs.70,000 each can claim as deduction for
1.Individual assessee
2.Minor assessee




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