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Deduction of PPF

This query is : Resolved 

12 February 2020 Sir
Pl advise. Can I deposit and deduction of PPF in my major son account.
Regards

13 February 2020 No. You won't be receiving deduction of this contribution because your son is major.

13 February 2020 The words used in the Act [section 80C(4) ] is "Any child of such individual" The Act is silent on the issue of majority or minority of child.

14 February 2020 Correctly stated by Amol Sir. Deduction would be available even if deposited in PPF account of major son also. The depositor would be eligible for deduction.


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