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PPF Deduction u/s 80C (Income Tax)

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This query is : Resolved

( Querist )
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.


( Querist )
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?


( Querist )
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




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