HUF PPF 80C
This query is : Open
16 January 2017
Gud morning
We all know that .....HUF cannot invest in its name in ppf but the same HUF can make nvestment in its membera ppf account and avail the benefit of 80C.........
My query is if member is also taking benefit of 80c in full from some other means( apart from ppf) of 80c investment... then is it possible for huf to invest in ppf account of that member and avail the benefit of 80c....
Please help
16 January 2017
It is lawful to claim deduction u/s. 80C for the amount deposited by HUF in its member's PPF account up to a ceiling of Rs. 1,50,000.00. It does not matter the same member is also claiming deduction of 1,50,000.00 against other eligible deposits or investments or payments u/s. 80C
24 January 2017
ok thank you
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting our of sec 44AD
- Form 121 & TDS deduction
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Regarding appeal to GSTAT
- Invoice V/S Goods receipt Note Date
- Multiple trade mark
- Transporter Declaration form
- LC charges in relation to Asset purchased should be Capitalised ?
- TDS LATE PAYMENT
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
