Ppf investment by huf

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jayesh

jayesh (Querist)
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19 October 2013 if ppf investment done by huf for any of the members of huf can allow deduction u/s 80ccc ?

@VaibhavJ

@VaibhavJ (Expert)
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19 October 2013 HI

No, HUF can not subscribe to PPF scheme,earlier it was available, but not now.

As per the gazette notification published on December 7, 2010 all Hindu Undivided Families (HUFs) had to close their Public Provident Fund (PPF) accounts by March 31, 2011 if they had completed 15 years.

Thanks//VaibhavJ

jayesh

jayesh (Querist)
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19 October 2013 thank you sir for your guideline.

can i ask u 1 more Q

if 15 years not completed by march 31, 2011 ?
i want to know is it possible to invest in ppf for the members of huf ?

@VaibhavJ

@VaibhavJ (Expert)
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19 October 2013 Yes!!

Thanks

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