Wednesday, December 26, 2012

I want to open Public Provident Fund 1968 PPF Account for deduction under80C FOR Hindu United Family,pl guide?

Question: I want to open Public Provident Fund 1968 PPF Account for deduction under80C FOR Hindu United Family, pl guide?

4 Answers from Users:

Bimal Kumar Balasia
You cannot open new PPF a/c in the name of H.U.F.

AJAPPA_KOMBINOOR_worli
Their is provident fund department in every city, approach them and give the papers of ur activity with proofs like ration cards and deeds etc and they will give u form it will be done

CA pp jain
you can open ther ppf account throgh any nationalised banks, it can be in the name of karta of the HUF.Please invest before 31st march

lodhiraj
Under Section 80C of the Income Tax Act, 1961, maximum deduction of Rs. 1,00,000/- is available to Individual and Hindu Undivided Family. You can open this account in any nationalized bank.

 

 

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