Tax saving in huf
This query is : Resolved
AMIT SAXENA
(Querist)
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
Ankur Singhal
(Expert)
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.
Message likes :
1 times
AMIT SAXENA
(Querist)
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
(Expert)
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
AMIT SAXENA
(Querist)
05 January 2016
thank you..its helpful.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
