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Deduction u/s 80c for ppf

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 March 2017 If a pension holder open an account on his son name and deposit some amount in his account . wheather he can claim a dedction under sec 80c for that amount
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CA DHAVAL MISTRY

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CA DHAVAL MISTRY (Expert)
13 March 2017 Yes, He can claim deduction of investment in PPF account. Payment for PPF investment in name of assessee or any of his family member can be claimed by the payer of the investment. Definition of relative covers son-father relationship.
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 March 2017 If son is in govt job and he can also deposit amount in that ppf account .Whwather he also can claim deduction u/s 80 c for that amount.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 October 2021 Yes, but maximum investment in any PPF account is to be followed.
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