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dear brajesh/rajeev joshi  _yes. absolutely you can claim amount paid in ppf a/cs of members of huf though you have not opened a/c in the name of huf. because source of investment is important for 80c deduction.nowhere it is written as precondition that a/c should be in its name. --- On Sat, 6/3/10, CA RAJEEV JOSHI <rajivjoshica@icai.org> wrote: From: CA RAJEEV JOSHI <rajivjoshica@icai.org> Subject: Re: [aurangabad_ca] Allowability of deduction u/s 80C of the IT Act to HUF for contribution to PPF of coparceners To: aurangabad_ca@yahoogroups.com Cc: ""Brajesh Agarwal" <bagarwal@ocl.in> Date: Saturday, 6 March, 2010, 11:06 AM   Where PPF Account is already open in the name of HUF , Then contribution to PPF is eligible U/S 80 C.   LIC premia paid of members is eligible for deduction.   CA R B JOSHI     On 3/5/10, Brajesh Agarwal <bagarwal@ocl. in> wrote:   Dear friends,   A HUF wishes to contribute by way of payment in PPF account of its coparceners or LIC premia. Accordingly HUF shall be claiming the deduction u/s 80C of the IT Act, 1961.   In my opinion this is permissible under IT Act, in view of the fact that PPF account cannot be opened in the name of HUF.   Members are requested to share their views on the allowability of above deduction in the hands of HUF of above payments with decided case law, circular or notification, if they have different view on this.   With best regards, CA BRAJESH AGARWAL 09818623388 (M)

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