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Huf

This query is : Resolved 

03 March 2012 Dear Sir,

If i have huf account also than i got also exempt in 80C 100000/- 80ccf 20000

04 March 2012 Yes You will get exempt of Rs. 1,00,000 u/s 80C and Rs. 20,000 u/s 80CCF.

Only thing is, you might not be able to open a PPF account in name of HUF.

04 March 2012 Yes agree with Prof Bajaj

07 March 2012 Under both status entitle for deductions provided investments are made out of respective incomes of individual and HUF.


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