Tax saving in huf

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AMIT SAXENA (Querist)
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05 January 2016 Sir,

Please help me, how can i save tax in HUF. also comment on whether HUF can open a PPF account.

Thnks

Ankur Singhal

Ankur Singhal (Expert)
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05 January 2016 HUF can deposi PPF of member and claim deduction but it cannot open the ppf account in its name.
can pay life insurance premium of member and claim deduction.

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AMIT SAXENA

AMIT SAXENA (Querist)
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05 January 2016 if a member already claims PPF deduction in his personal return than can he open a new seperate account of PPF for claiming deduction in HUF?

Ankur Singhal

Ankur Singhal (Expert)
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05 January 2016 No he cann't do that .
you may deposit ppf in account of karta or other member.
in this case opt option 2( insurance)

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AMIT SAXENA

AMIT SAXENA (Querist)
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05 January 2016 thank you..its helpful.

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