PPF investment by HUF
This query is : Resolved
22 July 2011
Whether investment in PPF made by HUF in the name of coparceners entitles it to claim Sec 80C deduction?
22 July 2011
YES HUF IS ALSO ELIGIBLE FOR CLAIMING DEDUCTION UNDER SEC 80CIN CASE OF PPF INVESTMENT
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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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