PPF - who would get deduction u/s 80C

When PPF is paid in cash, the receipt only contains the name and number of account - and deduction for this payment of PPF can be taken by any of the eligible persons viz self / parent / spouse

However, when PPF is paid through internet banking, the receipt generated is such that it seems that only the bank account holder from whose account, money has been transferred through internet banking is eligible for taking the PPF credit

So, if the PPF account belongs to A, and the eligible persons are A, B and C, then as a measure of tax planning, if PPF is deposited in cash  counter then one can decide later as to who can take deduction A or B or C

However, if the amount has been transfered by internet banking from account of say C - can the dept take the view that only C is the eligible person?

thanks.

Replies (2)

A person in whose PPF account money has been deposited  shall take deduction u/S 80C,instead of the person depositing the amount in such person account.

A person in whose PPF account money has been deposited  shall take deduction u/S 80C,instead of the person depositing the amount in such person account.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details