tax exemption in huf
This query is : Resolved
22 March 2011
dear sir,
if a person (who is also karta of huf) have an investment in 80c up to 100000 (insurance policies) & huf also take a policy for this person (karta for huf) as premium 100000. Is that amount will be exemption in huf as 80c
if a person (who is also karta of huf) have an investment in 80c up to 100000 (insurance policies) & huf also take a policy for this person (karta for huf) as premium 100000. Is that amount will be exemption in huf as 80c
22 March 2011
yes, provided the premium should be paid out of huf ACCOUNT.
22 March 2011
yes, you can take as deduction 80C
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