Ppf a/c

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Querist : Anonymous (Querist)
17 February 2013 Can a husband get deduction for deposit in PPF a/c in the name of wife..

17 February 2013 according to me, the answer is no.

17 February 2013 Yes He ca...

Only the person actually depositing the amount gets section 80C benefit. This means if husband deposits any amount into wifes PPF account, wife will not be able to claim the deduction benefits under section 80C. Infact, husband will be able to (rightfully) claim section 80C deductions on his income.

17 February 2013 Kindly ignore my reply. Sanjay sahab is right. the assessee can claim deduction for contribution made to wife's ppf a/c

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 February 2013 Thanx a lot...but how it is proved that amount is deposited by husband

17 February 2013 Only if deposited by cheque or fund transfer.

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Querist : Anonymous

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17 February 2013 Thanx sir.......


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