Investment

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Ramesh

Ramesh (Querist)
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29 April 2011 Can Huf can invest in Public Provident Fund ?

CA Navin Jain

CA Navin Jain (Expert)
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29 April 2011 YES, HUF CAN INVESTMENT IN PPF AND GER DEDUCTION U/S 80C TOO

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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29 April 2011 HUF can't invest in PPF account from 13/05/2005. This amendmend can be seen in
http://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=2289&Mode=0

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CA Navin Jain

CA Navin Jain (Expert)
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29 April 2011 Sirji,

Can u rectify me that as per sec, 80c huf can claim the deduction related to investment in ppf,

if huf can not investment in ppf then why deduction is available for huf,

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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30 April 2011 Deduction u/s 80C is allowable to HuF if invested in the name of any of the member's. But the question is HUF Vs. PPF.