Deduction to huf on ppf a/c
This query is : Resolved
CA.NAKUL GUPTA
(Querist)
20 December 2011
can a a PPF a/c can be opened in the name of huf ?
if not then how can HUF can avail 1lakh benefit of ppf a/c under 80c if the karta in his individual capacity already having ppf a/c either on this own name/spouse name/ child name.
if not then how can HUF can avail 1lakh benefit of ppf a/c under 80c if the karta in his individual capacity already having ppf a/c either on this own name/spouse name/ child name.
Aditya Maheshwari
(Expert)
20 December 2011
NO now PPF acccount cannot be opened in name of HUF.
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