Tax savings
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2014
Dear Sir / Madam,
This is with regards to amount invested in Public Provident Fund (PPF).
I'd like to know whether Father can claim tax deduction u/s 80 C on ppf which is on his son's name who himself files individual returns (nil returns).
Only father wants to claim the deduction not his son.
thanks in anticipation
This is with regards to amount invested in Public Provident Fund (PPF).
I'd like to know whether Father can claim tax deduction u/s 80 C on ppf which is on his son's name who himself files individual returns (nil returns).
Only father wants to claim the deduction not his son.
thanks in anticipation
15 September 2014
Only the person who makes investment in PPF is eligible for deduction. If father makes investment in PPF on his son's name and son does not claim investment father can claim deduction.
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