Deduction under section 80 c
This query is : Resolved
23 May 2009
Whether amountinvested in PPF account on behalf of or in the nomination of a minor (niece or nephew) will qualify for deduction under section 80C of the Income Tax Act.
Ratan Sharma
(Expert)
23 May 2009
Hi,
It is only available for individual, wife or husband and any child of such individual. Therefore the deduction will not be available u/s. 80C in such case.
It is only available for individual, wife or husband and any child of such individual. Therefore the deduction will not be available u/s. 80C in such case.
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