Can huf claim 80c deduction??

RAHIL (ACCOUNTANCY) (247 Points)

26 August 2017

If HUF has given a cheque for PPF which is in the name of Karta, can it (HUF) claim that deduction in 80C?

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7 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (162851 Points)
Replied 26 August 2017

Certainly NO.

rama krishnan (12234 Points)
Replied 26 August 2017

yes huf can claim

Ashwin Kumar (1229 Points)
Replied 28 August 2017

deduction under 80c is availavle only to a individual and**HUF** upto 1. 5lakhs

Sheetal Jain (.) (894 Points)
Replied 28 August 2017

Yes, HUF can claim deduction refer point no.5 in attachment.

Attached File : 691280 20170828175010 individual and huf benefits allowable.pdf downloaded: 264 times

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (162851 Points)
Replied 28 August 2017

Yes, I stand corrected......... The deduction u/s. 80C to HUF will be available..

Thanks Sheetal.......... Thaks all..........

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RAHIL (ACCOUNTANCY) (247 Points)
Replied 29 August 2017

Thank you so much :-)

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raghavan (self) (611 Points)
Replied 29 August 2017

Huf can claim 80c benefits on LIC other avenues but not ppf..it is withdrawn 2015 itself. running account are also closed...

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