28 May 2010
the clubbing provision will be attracted,when there is any income arise from PPF deposit and the assessee is able to get the deduction u/s 80C of deposit on PPF in his wife name
28 May 2010
the clubbing provision will be attracted,when there is any income arise from PPF deposit and the assessee is able to get the deduction u/s 80C of deposit on PPF in his wife name
28 May 2010
Income arises from PPF account is already exempt from Tax. Hence no clubbing . Husband can get the deduction u/s 80 C of deposit on PPF in his wife name, but he got total exemption of Rs.70000/ whether he has depsoited Rs.70000 for himself also.
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