Professional Answers on Investments
Insurance, Mutual Funds, Sensex, Nifty, Financial Planning
Yes, a HUF can open this account.
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Yes. A HUF can invest in PPF and avil Sec.80C benifits. My HUF is aviling this benifits since 10 years. According to the income of my HUF I will be depositing between Rs.500 to Max. Rs.70,000 per year.
If the income of the HUF is not taxable or in lower slab rate, then I deposit just Rs.500 to keep the PPF A/c alive.
Yes HUF can open a PPF account. Pls note that however, when the HUF is dissolved, you cannot close the account before maturity.
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