Avail 50% discount on all online CA classes for Nov Exam(access till Nov 20th). Use coupon code NOV15

close x
Home > Experts > Income Tax > PPF Deduction u/s 80C

Please Wait ..

to your account


Remember Me | Forgot your password?


Sign-up now

Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.

Alternatively, you can log in using:

PPF Deduction u/s 80C (Income Tax)

Report Abuse
This query is : Resolved

( Author )
18 April 2009

Our client has invested Rs.50000 in PPF a/c in his own name. Rs.50000 has been inveted by his son in his own PPF a/c.
Now, I would like to know whether he(father) ll get deduction u/s 80C for Rs.50000, 70000 or Rs. 100000 in respect of this transaction if he wants to claim PPF investment made by his son?


( Expert )
18 April 2009

The Maximum limit for deduction u/s 80c for PPF is 70000 in a year.

If his son is a major or files ITR than he will be eligible for only Rs.50000/-.

CA. Krishna K Neeraj

( Expert )
18 April 2009

An individual can get maximum deduction of rs. 100000/- U/s 80C by depositing PPF amount in the name of himself, his spouse or childern. Rs.70000/- cap is under THE PUBLIC PROVIDENT FUND SCHEME and not under the income tax act.


( Author )
18 April 2009

even if the payment is made through son's bank a/c?? will the father get deduction in respect of such sum?


( Author )
18 April 2009

please clarify!

Manmohan ACA, CS

( Expert )
18 April 2009

It is immaterial from whose account the amount is paid deduction is allowed

CA Devanshi Gandhi (Ajani)

( Expert )
21 April 2009




You need to be the querist or approved CAclub expert to take part in this query .

Click here to login ( Members Login ) now

Similar Resolved Queries :


Quick Links

back to the top