Deduction u/s 80c for the year 2016-17 for huf
This query is : Resolved
09 December 2016
WHAT ARE THE FUND AND INVESTMENT SCHEME UNDER WHICH A HUF CAN GET DEDUCTION U/S 80C, IS HUF CAN GET DEDUCTION U/S 80C BY INVESTING IN PPF A/C
09 December 2016
There are various instruments which are allowed as a deduction under Section 80C for HUF's, some of which are as follows:-
1. Tax Saving Fixed Deposits
2. Life Insurance Premium for any Member of HUF
3. Tax Saving Mutual fund
4. Children Tuition Fees for any Member of HUF
5. Repayment of Principal amount of Home Loan
However, HUF is not allowed to invest any amount in PPF Account.
1. Tax Saving Fixed Deposits
2. Life Insurance Premium for any Member of HUF
3. Tax Saving Mutual fund
4. Children Tuition Fees for any Member of HUF
5. Repayment of Principal amount of Home Loan
However, HUF is not allowed to invest any amount in PPF Account.
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