HUF PPF 80C
This query is : Open
16 January 2017
Gud morning
We all know that .....HUF cannot invest in its name in ppf but the same HUF can make nvestment in its membera ppf account and avail the benefit of 80C.........
My query is if member is also taking benefit of 80c in full from some other means( apart from ppf) of 80c investment... then is it possible for huf to invest in ppf account of that member and avail the benefit of 80c....
Please help
16 January 2017
It is lawful to claim deduction u/s. 80C for the amount deposited by HUF in its member's PPF account up to a ceiling of Rs. 1,50,000.00. It does not matter the same member is also claiming deduction of 1,50,000.00 against other eligible deposits or investments or payments u/s. 80C
24 January 2017
ok thank you
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- COP Surrender 2024
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
