Is it possible to open a PPF account under HUF accounts ?
how do we avail of 80C exemption for HUF filing ? I mean in whose name do we invest karta ? members ? HUF account ?
2 Replies
Vishal Goel
(Chartered Accountant)
(1688 Points)
Replied 16 September 2015
Hello,
HUF Can’t Open a PPF Account. Before 2005 it was possible.
Miss Rinkal
(Student)
(1309 Points)
Replied 16 September 2015
No HUF cannot invest in PPF. PPF was available for HUF prior to 13.05.2005. However those already having PPF account for HUF would continue to be in existence till maturity period of 15 years is not completed
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