Investment in ppf account

Tax planning 359 views 1 replies

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

Replies (1)

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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