Tax saving in huf
This query is : Resolved
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
Please help me, how can i save tax in HUF. also comment on whether HUF can open a PPF account.
Thnks
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.
can pay life insurance premium of member and claim deduction.
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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?
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)
you may deposit ppf in account of karta or other member.
in this case opt option 2( insurance)
Message likes :
1 times
05 January 2016
thank you..its helpful.
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