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Huf

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(Querist)
03 March 2012 Dear Sir,

If i have huf account also than i got also exempt in 80C 100000/- 80ccf 20000
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Prof. Bajaj

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Prof. Bajaj (Expert)
04 March 2012 Yes You will get exempt of Rs. 1,00,000 u/s 80C and Rs. 20,000 u/s 80CCF.

Only thing is, you might not be able to open a PPF account in name of HUF.
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C.P.CHUGH

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C.P.CHUGH (Expert)
04 March 2012 Yes agree with Prof Bajaj
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Prakash Kochar

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Prakash Kochar (Expert)
07 March 2012 Under both status entitle for deductions provided investments are made out of respective incomes of individual and HUF.

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