Huf
This query is : Resolved
Arpan Bhanshali
(Querist)
19 March 2015
Hi, I would like to know that MY FATHER's HUF can pay for PPF of my son and get INCOME TAX EXEMPTION.
Amol S Joglekar
(Expert)
19 March 2015
HUF can claim exemption under such situation.
CA ALOK KUMAR
(Expert)
19 March 2015
Permissible deductions under Sec. 80C includes Contribution to Public Provident Fund (PPF) by an individual in his own account or in the account of his/ her spouse or children. In the case of a HUF, contribution to PPF in the name of any member of the family.So HUF can pay PPF for its member and get Income Tax deduction under section 80C
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