Mother avail benifit for major child ppf
Querist : Anonymous
Can my mother avail tax benefit by contributing to my(above 18 and employed son) PPF account?
Thanks,
Rohit
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Sub Section (4) of Section 80C allows any contribution made in the name of spouse or any child. Any child includes a major/minor, a bachelor/married , a son/daughter.
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Only one assessee can avail the deduction in respect of the amount so paid.
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The deposits can be made upto the maximum permissible limit of 1.50 lac.
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Querist : Anonymous
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