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PPF benefit for huf

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Barun Agarwal

2 Points Posted on 28 January 2020

I have a PPF account in my name for which I avail benefit u/s 80c for my personal income tax return. I also have a PPF account in name of my minor son premium for which I pay from my huf bank account. can I avail tax benefit u/s 80c for premium paid to PPF account which is in name of my minor son in huf tax return?

Replies (3)

Quick Summary

This discussion clarifies whether an HUF can claim tax benefits under Section 80C for premiums paid into a PPF account opened in the name of a minor son. The consensus is that an HUF cannot open a PPF account in its own name, nor can it claim deductions for premiums paid for a minor son's PPF account under Section 80C.