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
CA Hemant T Dewani
(Expert)
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
CA Praveen Chopra
(Expert)
19 March 2008
Either you or your daughter can claim 80C.
K V Subba Rao
(Expert)
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
CA. GOPAL SONIKA
(Expert)
19 March 2008
cannot be claimed
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Taxation of crypto futures in India Fy 2026- 2027
- MSME disclosure and disallowance
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
