Professional
204 Points
Joined February 2008
I disagree with Roank's View,
According to Income Tax Act, to get the benefit of deduction U/s. 80 C, amount deposited by an individual in his own PPF account or in the account of hi/her spouse (in case of HUF in the account of any member of the family) is eligible for deduction.
Please refer to Taxmann ready reckoner 31st edition page A-208, note 4