Tax exemption on PPF deposits

Dear Sir,

You can claim the ppf deposited in your son's account.

Please feel free to call/revert in case of any doubts

Thanks and Regards

Abhishek Dugar

CA CS B.Com

Yes u can deposit the amount and get the benefit under 80C

Hi,

You can continue to claim 80C Deduction for PPF Contribution to your son's account even if he has become a Major (Provided the amount is deposited out of your taxable income and your Son is not claiming 80C Deduction for the same)

You can claim deduction u/s 80C(2)(v) read with 80C(4)(a) in respect of contribution made into the PPF Account of your son, whether he is a major or minor. It does not matter even if you claimed deposits into your own PPF Account now or earlier.

Hello Sir,

You can very well the amount deposited in your Son's PPF even though he has turned into a major.

Trust this clarifies your query.

Feel free to call / get back in case of further clarifications.

Thanking You.

Regards,

Rohit R Sharma

BCOM, ACA, LLB-GEN, CERT. FAFP

Dear Sir,

Yes investment made by you is eligible for tax deduction to you.