Ppf a/c on wife name

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 January 2015 hi i want to know PPF A/c. on wife's name.
can husband Claim deduction Under section 80C for 15000 Rs. Plz reply urgent

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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23 January 2015 Absolutely no. Pl see section 80C(4).

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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23 January 2015 Under Section 80C of the Income tax Act, an individual is eligible to claim deduction from total income in respect of contributions to any PPF (belonging to self, husband, wife, any child) subject to an overall limit of Rs. 1,00,000 for a Financial Year (FY).

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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23 January 2015 Mr. Seetharaman is correct. My observation went wrong since PPF is confused with PF. Error is regretted.