Huf

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Arpan Bhanshali

Arpan Bhanshali (Querist)
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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

Amol S Joglekar (Expert)
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19 March 2015 HUF can claim exemption under such situation.

CA ALOK KUMAR

CA ALOK KUMAR (Expert)
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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