Deduction U\S 80C
This query is : Resolved
Prakash Choudhary
(Querist)
22 May 2010
Can a individual claim in minor file deduction u\s 80c.
Parents Income is 500000
minor income is 50000 (taxable)
P.p.f. deposit is in each file 70000 (total - 140000)
how much an individual can claim u\s 80c
70000 or 100000
or
what will be the computation of Individual
Parents Income is 500000
minor income is 50000 (taxable)
P.p.f. deposit is in each file 70000 (total - 140000)
how much an individual can claim u\s 80c
70000 or 100000
or
what will be the computation of Individual
daya shankar singh
(Expert)
22 May 2010
If Minor claim the deduction in respect of the amount of deposit in PPF, then his father is not able to claim deduction on the same
CMA RV Padmakumar.A
(Expert)
22 May 2010
80 c maximum Rs.1,00,000/-
In this case,
ppf Rs.70,000 each can claim as deduction for
1.Individual assessee
2.Minor assessee
In this case,
ppf Rs.70,000 each can claim as deduction for
1.Individual assessee
2.Minor assessee
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