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PPF deduction claim
Can a parent claim deduction of deposits made in a PPF account of a child?
Replies (6)
Quick Summary
Is child minor or major?
If minor, who is the guardian recorded in the PPF account?
Child is Major
You may claim the deduction if the account holder has not claimed it.
It is covered under S.80C (2)(iv) or S.80C (2)(v)
As, if it is covered under Clause (iv) then we can claim
Need clarification upon this..
As, if it is covered under Clause (iv) then we can claim
Need clarification upon this..
Here the interpretation is for minor child dependent on parents. But many take it for major one also.
So, I agree you can take deduction u/s. 80C.
Take deduction of 80C
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