Ppf a/c on wife name
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 January 2015
hi i want to know PPF A/c. on wife's name.
can husband Claim deduction Under section 80C for 15000 Rs. Plz reply urgent
can husband Claim deduction Under section 80C for 15000 Rs. Plz reply urgent
23 January 2015
Absolutely no. Pl see section 80C(4).
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23 January 2015
Under Section 80C of the Income tax Act, an individual is eligible to claim deduction from total income in respect of contributions to any PPF (belonging to self, husband, wife, any child) subject to an overall limit of Rs. 1,00,000 for a Financial Year (FY).
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23 January 2015
Mr. Seetharaman is correct. My observation went wrong since PPF is confused with PF. Error is regretted.
23 January 2015
yes husband calim the ppf in name of wife.
23 January 2015
yes husband calim the ppf in name of wife.
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