Ppf deduction u/s 80c
This query is : Resolved
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?
09 July 2019
Son can claim deduction U/s 80C while filing IT Return.
09 July 2019
On what basis son can claim deduction U/s 80C?
Guest
Guest
(Expert)
09 July 2019
If both persons are having their incomes deposited in that account, then either can claim deduction.
10 July 2019
Even otherwise Son can claim ,since investment in 80C need not be from the
INCOME of the assessee.
INCOME of the assessee.
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