PPF deduction in case of HUF
This query is : Resolved
29 November 2010
Can a huf claim deduction u/s 80 C for depsoit in PFF Account.
Agents r saying PPF accounts can not be opened in the name of HUF and it can not claim deduction of PPF u/s 80 C. Is it right.
Agents r saying PPF accounts can not be opened in the name of HUF and it can not claim deduction of PPF u/s 80 C. Is it right.
29 November 2010
PPF deduction available to HUF also. But now New HUF account cannot be opened. If contribution made to old PPF a/c then deduction available.
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