Children PPF
by LOKESH G on Feb 22, 2007 02:17 PM Permalink | Hide replies

If investmentis done in PPF on Childrens name, can the parent claim the tax relief under IT act? please clarify

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RE:Children PPF
by Deb on Feb 22, 2007 02:25 PM Permalink
Yes you can 30K is maximum under PPF for dependent i.e. child under ITsection 80 C.

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RE:Children PPF
by Subramanian K on Feb 22, 2007 02:30 PM Permalink
Yes. It is allowed.

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RE:Children PPF
by Skriblomaniac Skriblomaniac on Feb 22, 2007 02:24 PM Permalink
yes

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RE:Children PPF
by kothari on Feb 22, 2007 03:03 PM Permalink
yes. Subject to the overall limit of Es.70000/- per annum.

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