grand monther investment in daughter son minor a/c p.p.f. account investment are allowable in income tax 80 c.c. grand mother is no p pf a/c and taxable amount allowable her income tax return
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Investment in ppf account
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Dear Gaurav
deduction u/s 80 c is not available to investment made by grandmother to daughters sons account
if talk about relationship i understand that nani deposit to nati's PPF account.
as per section 80 c we can claim of only following :
any sum paid by individual for following:
1. for indivual himself
2. for spouse
3. any child of such individual (married/ unmarried/ dependent or not on indivudual)
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