Tag Archives: #TaxFreeInvestments

Can HUF open PPF account?

Open PPF account

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 »

3.21 Can HUF claim 80c deduction

HUF Individual or Non Individual

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 »