Claim of ppf in huf
This query is : Resolved
05 April 2012
hello experts
I am Sanjay. I have deposited a amount of 100000/- in my PPF account of my minor son through HUF account. The PPF account is in the name of my son u/g myself. Can I claim the deduction of PPF u/s 80C of the Income Tax Act in this case? Kindly advise urgently.
Regards
Sanjay
I am Sanjay. I have deposited a amount of 100000/- in my PPF account of my minor son through HUF account. The PPF account is in the name of my son u/g myself. Can I claim the deduction of PPF u/s 80C of the Income Tax Act in this case? Kindly advise urgently.
Regards
Sanjay
CA CS Amit S. Kedia
(Expert)
05 April 2012
The son is also the member of HUF then deduction will be allowed.
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