banner_ad

Ppf deduction u/s 80c

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 February 2017 Dear Sir,

My one client has opened PPF A/c in his individual name. And PPF payment was made from HUF Bank Account and also taking benefit in HUF Account under 80C because now PPF account is not allowed to open in HUF Name. So Upto now Payment from HUF Bank Account for PPF and benefit under 80C deduction is also taken in HUF. But Now I want to take benefit in Individual instead of HUF. Shall I switch over from HUF to Individual. is there any lock in period for that?

Please inform
Profile Image

CS Advocate Abhishek Goyal

Profile Image

CS Advocate Abhishek Goyal (Expert)
11 February 2017 Yes you can switch over and make payment from individual account instead of HUF account.
Profile Image

Ruchi

Profile Image

Ruchi (Expert)
11 February 2017 You just need to make paymemt from Individual account instead of from HUF account to claim deduction of PPF. No lock in period for this.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details