hi
my query is that if a huf avails deductions u/s 80C then deduction is overall 150000 or seperate for each memebers.
Tarun kumar (CA student) (45 Points)
01 May 2015hi
my query is that if a huf avails deductions u/s 80C then deduction is overall 150000 or seperate for each memebers.
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13949 Points)
Replied 02 May 2015
It is Rs. 1.5 lac for HUF as a whole and not separately for its members.
CA Pooja Sharma
(Chartered Accountant)
(192 Points)
Replied 02 May 2015
Yes Deduction as available u/s 80C for Rs. 150,000 is for HUF as a whole and not for individual member.
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