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Who can claim section 80C benefit: the person in whose name the PPF a/c stands or the person who deposits money in the PPF account?

April 26, 2017benefit claim deposits money person PPF section stands

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Who can claim section 80C benefit: the person in whose name the PPF a/c stands or the person who deposits money in the PPF account?

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Ans: The person who makes the contribution to PPF is entitled for tax benefit. For example, if you invest your money in the PPF account of your spouse, you’ll be entitled to claim section 80C deduction instead of your spouse.