Exemption u/s 80-c for huf
This query is : Resolved
13 March 2012
Can my HUF contribute to PPF of following for deduction u/s 80-c ( Rs 1 Lac Max.)
1. Self-Karta AND/OR
2. Wife-Member AND/OR
3. Son- Minor AND/OR
4. LIC of all above AND /OR
5. ANY OTHER OPTION TO AVAIL FULL DEDUCTION EXCEPT ABOVE 4 POINTS.
REGARDS
Rishi goel
rishi_18june@yahoo.com
9041983195
1. Self-Karta AND/OR
2. Wife-Member AND/OR
3. Son- Minor AND/OR
4. LIC of all above AND /OR
5. ANY OTHER OPTION TO AVAIL FULL DEDUCTION EXCEPT ABOVE 4 POINTS.
REGARDS
Rishi goel
rishi_18june@yahoo.com
9041983195
14 March 2012
HUF can claim deduction for LIC and contribution to PPF for any MEMBER of the HUF.
Accordingly deduction can be claimed for all the above.
Apart from the above, you can take a tax saving FD or invest in infrastructure bonds to claim an additional deduction of Rs. 20,000
Accordingly deduction can be claimed for all the above.
Apart from the above, you can take a tax saving FD or invest in infrastructure bonds to claim an additional deduction of Rs. 20,000
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