PPF deduction claim

17 July 2023

Can a parent claim deduction of deposits made in a PPF account of a child?

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6 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (162392 Points)
Replied 17 July 2023

Is child minor or major?

If minor, who is the guardian recorded in the PPF account?

Akshat Varaiya (229 Points)
Replied 17 July 2023

Child is Major

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (162392 Points)
Replied 17 July 2023

You may claim the deduction if the account holder has not claimed it.

Akshat Varaiya (229 Points)
Replied 17 July 2023

It is covered under S.80C (2)(iv) or S.80C (2)(v)
As, if it is covered under Clause (iv) then we can claim
Need clarification upon this..

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (162392 Points)
Replied 17 July 2023

Here the interpretation is for minor child dependent on parents. But many take it for major one also.

So, I agree you can take deduction u/s. 80C.

sabyasachi mukherjee (26515 Points)
Replied 18 July 2023

Take deduction of 80C

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