deduction for HUF u/s 80C

Deduction u/s 80C  for depositing  in PPF account is not allowed to HUF.

KAMAL VERMA SIR, I THINK YOU ARE NOT RIGHT, PLEASE BE CONFIRM.

 I THINK NEW ACCOUNT OPENING OF PPF FOR AN HUF IS RESTRICTED BUT AN HUF CAN CONTRIBUTE TO PPF ACCOUNT OF ITS MEMBERS AND CLAIM 80C DEDUCTION.

Yes you can claim a deduction for contribution in PPF under section 80C. But the thing to remember is you can claim a deduction of maximum Rs. 1,50,000. This will be the total number of amount that can be claimed covering all your investments. Means to say which tax saving investments under 80c you are choosing, no matter, you can claim only of Rs. 1,50,000 deduction under section 80C.

Now if I come to your second question, there is no limit to purchase NSC VIII. You can purchase National Saving Certificate (NSC) of any amount that you want. 

Please help me to make entries in tally for PPF contribution by HUF into its member a/c. I would like to know entries in both the books of a/cs (in the books of members and in the book of HUF)
If Ledgers are to be created, then under which head will they belong.

Also what happens to the interest earned in PPF a/c when HUF contributes for 1 financial year. To whom does the interest belong.