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Ppf deposit by huf in members a/c

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(Querist)
12 November 2017 What are the tax implications of investment in PPF a/c of member by HUF in HUF'S hand ALSO ESPECIALLY in the hands of the individual member?
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MK GUPTA (Chartered Accountant

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MK GUPTA (Chartered Accountant (Expert)
12 November 2017 hi dear
1) HUF could claim deduction u/s 80C
2) Individual can't claim deduction
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Namit

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Namit (Querist)
12 November 2017 thanks but Will it be taxable in the hands of individual?
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Tax pundit

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Tax pundit (Expert)
13 November 2017 There is no question of the same being taxable in the hands of the individual. The interest on PPF account belongs to the HUF and further, the same is exempt. Nothing will be taxable in the hands of any of the individual members.
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