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Ppf deduction u/s 80c

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(Querist)
09 July 2019 If Father & Son have Joint bank account(first holder is father) and from that a/c cheque is issued for deposit in PPF A/c (PPF a/c of SON). Whether Son can claim deduction U/s 80C while filing IT Return?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 July 2019 Son can claim deduction U/s 80C while filing IT Return.
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Lalit Bhambhani

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Lalit Bhambhani (Querist)
09 July 2019 On what basis son can claim deduction U/s 80C?



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Guest

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Guest (Expert)
09 July 2019 If both persons are having their incomes deposited in that account, then either can claim deduction.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 July 2019 Even otherwise Son can claim ,since investment in 80C need not be from the
INCOME of the assessee.

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