An Assessee has opened a PPF account in name of his daugher ( age 18 years). Whether he can claim deduction of PPF Deposit in name of daughter. Please tell me asap.
19 March 2008
you will take deduction u/s 80C you are invested in your daughters account but maximum investment in ppf is Rs 70000/- allowed and withdrawal is from your a/c is important
19 March 2008
Please visit https://www.caclubindia.com/articles/article_list_detail.asp?article_id=521. I understand deposits into PPF account of major children cannot be claimed for Deduction u/s 80-C
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