pls help- tax querry

Dear Riya,

Yes HUF is entitled to get the deduction on investment made in PPF in the name of any of its member.

Where subscripttion to the NSCs in the name of any member of the HUF, is shown by the family to have been made out of its income chargeable to tax and the beneficial ownership in such certificates vests in the family, the family would be entitled to a deduction under section 80C with reference to such contribution.

The interest accrued would be included in the hands of the persons who purchased the NSC out of their income chargeable to tax.—Circular : No. 405 [F. No. 178/1/84-IT(A-I)], dated 15-1-1985 as corrected by Circular : No. 418 [F. No. 178/1/84-IT(A-I)], dated 2-5-1985.

Regarding ur exams, pls check the announcement section of the icai website to get the updates.

Section 80C is applicable to individuals and HUFs. So,  the HUF will get the deduction for PPF contribution.

I'm not sure about the changes in TDS being applicable. Watch out for announcements by ICAI in this regard.