Ppf deposit by huf in members a/c
This query is : Resolved
12 November 2017
What are the tax implications of investment in PPF a/c of member by HUF in HUF'S hand ALSO ESPECIALLY in the hands of the individual member?
12 November 2017
hi dear
1) HUF could claim deduction u/s 80C
2) Individual can't claim deduction
1) HUF could claim deduction u/s 80C
2) Individual can't claim deduction
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12 November 2017
thanks but Will it be taxable in the hands of individual?
13 November 2017
There is no question of the same being taxable in the hands of the individual. The interest on PPF account belongs to the HUF and further, the same is exempt. Nothing will be taxable in the hands of any of the individual members.
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