Can HUF open PPF account HUFs (Hindu Undivided Families) are not eligible to open a Public Provident Fund (PPF) account. PPF accounts are available only to individuals, not to HUFs or other types of entities. PPF accounts are intended for individuals to invest and save for their long-term financial goals. For more information visit this… Read More »
Are HUF eligible for NPS As on September 2021, the National Pension System (NPS) is a voluntary pension scheme offered by the Government of India. It is open to Indian citizens aged 18 to 60 years, including both salaried individuals and self-employed individuals. So, Here we explain Are HUF eligible for NPS Regarding whether (Hindu… Read More »
Can HUF Claim 80C Deduction Yes, a Hindu Undivided Family (HUF) is eligible to claim deductions under Section 80C of the Income Tax Act, 1961. Section 80C provides deductions for certain investments, expenses, and payments made by taxpayers to reduce their taxable income. The maximum deduction limit under Section 80C is currently ₹1.5 lakh per… Read More »