Ppf claim
This query is : Resolved
14 April 2017
Hello All
Sir I need to know that if a grand father invests in PPF account of his grand child then can the grandfather claim deduction u/s 80C of PPF amt deposited by him in his grand child account.
Regards
Sanjay
Sir I need to know that if a grand father invests in PPF account of his grand child then can the grandfather claim deduction u/s 80C of PPF amt deposited by him in his grand child account.
Regards
Sanjay
15 April 2017
Grandfather cannot claim such deduction since deduction is available only in respect of an individual himself, his spouse or his children.
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