Can my Wife take tax exemption for the money I transfer to her PPF account, if I dont take it ?

POSTED BY dinesh ON February 10, 2014 11:46 am COMMENTS (3)

If I transfer 1 Lakh in my ppf account & 1 Lakh in my wife ppf account & if i am not taken rebate in 80c can my wife take rebate under 80c

Thanks

3 replies on this article “Can my Wife take tax exemption for the money I transfer to her PPF account, if I dont take it ?”

  1. ashalanshu says:

    Dear Dinesh, yes is the answer.

    Thanks

    Ashal

  2. dinesh says:

    Thanks
    Dear Ashalanshu
    I want to correct one thing that I am taken rebate in 80C(LIC/NSC etc) but not shown PPF savings or not taken rebate on ppf saving than my wife can claim the benefit as I am invest on her behalf in her own PPF account?
    Thanks
    Dinesh

  3. ashalanshu says:

    Dear Dinesh, for the given situation yes she can claim the benefit as you being her spouse can invest on her behalf in her own PPF account.

    Thanks

    Ashal

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