PPF investment by HUF

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jayant chandrachud (Querist)
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22 July 2011 Whether investment in PPF made by HUF in the name of coparceners entitles it to claim Sec 80C deduction?

CA Navin Jain (Expert)
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22 July 2011 YES HUF IS ALSO ELIGIBLE FOR CLAIMING DEDUCTION UNDER SEC 80CIN CASE OF PPF INVESTMENT

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
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22 July 2011 Yes. If HUF pays PPF for any of the co-parceners, then it can claim deduction u/s 80C.

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