Tax savings

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2014 Dear Sir / Madam,

This is with regards to amount invested in Public Provident Fund (PPF).

I'd like to know whether Father can claim tax deduction u/s 80 C on ppf which is on his son's name who himself files individual returns (nil returns).

Only father wants to claim the deduction not his son.

thanks in anticipation

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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15 September 2014 Only the person who makes investment in PPF is eligible for deduction. If father makes investment in PPF on his son's name and son does not claim investment father can claim deduction.