Investment
This query is : Resolved
29 April 2011
YES, HUF CAN INVESTMENT IN PPF AND GER DEDUCTION U/S 80C TOO
29 April 2011
HUF can't invest in PPF account from 13/05/2005. This amendmend can be seen in
http://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=2289&Mode=0
http://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=2289&Mode=0
29 April 2011
Sirji,
Can u rectify me that as per sec, 80c huf can claim the deduction related to investment in ppf,
if huf can not investment in ppf then why deduction is available for huf,
Can u rectify me that as per sec, 80c huf can claim the deduction related to investment in ppf,
if huf can not investment in ppf then why deduction is available for huf,
30 April 2011
Deduction u/s 80C is allowable to HuF if invested in the name of any of the member's. But the question is HUF Vs. PPF.
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