DEDUCTION OF PPF DEPOSIT U/S 80 C
This query is : Resolved
19 March 2008
Dear All,
An Assessee has opened a PPF account in name of his daugher ( age 18 years). Whether he can claim deduction of PPF Deposit in name of daughter.
Please tell me asap.
Thanks & Regards
CA. B.K.BANSAL
An Assessee has opened a PPF account in name of his daugher ( age 18 years). Whether he can claim deduction of PPF Deposit in name of daughter.
Please tell me asap.
Thanks & Regards
CA. B.K.BANSAL
19 March 2008
you will take deduction u/s 80C you are
invested in your daughters account but
maximum investment in ppf is Rs 70000/-
allowed and withdrawal is from your a/c is
important
invested in your daughters account but
maximum investment in ppf is Rs 70000/-
allowed and withdrawal is from your a/c is
important
19 March 2008
Either you or your daughter can claim 80C.
19 March 2008
Please visit https://www.caclubindia.com/articles/article_list_detail.asp?article_id=521. I understand deposits into PPF account of major children cannot be claimed for Deduction u/s 80-C
19 March 2008
cannot be claimed
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