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Tax exemption

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 August 2012 I am salaried. I have opened a PPF account in my name. If my husband deposits 8500 per month (total 1 lakh yearly) to my PPF, will I get tax exemption? As the investment is not coming from my salary and gifting by husband.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 August 2012 PPF account deposit on own,spouse & children can be claimed by the assessee who is actually paid the investment. since actual investment made by your husband from his taxable Income. so you cannot claim the Investment on that
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SANYAM ARORA

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SANYAM ARORA (Expert)
03 August 2012 No you cant as the same has been deposited by your Husband
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
04 August 2012 Not psossible to claim

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