Regarding ppf investment
This query is : Resolved
Sanjiv mittal
(Querist)
03 May 2019
My query is that if a lady is in government job and she gift the 150000 to her husband and her husband deposit the amount in PPF account and his husband is eligible to deduct the amount in 80 c and this is not violate any law of income tax or not Please guide.
08 May 2019
She can give gift of Rs 150000/- as clubbing of income will not apply here since the husband has invested the same in PPF.
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