Deduction under section 80C for Public Provident Fund contributions in a minor's name permitted, subject to overall 80C limit. Deduction under Section 80C(2)(iv) applies where an assessee deposits in the Public Provident Fund Scheme, 1968 in the name of a minor of whom he is guardian. Such contributions by the assessee on his own behalf or on behalf of a minor qualify for relief, but the total deductionable amount for Public Provident Fund contributions together with life insurance premiums, provident fund and similar contributions is subject to the aggregate limit set out in Section 80C(4).
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction under section 80C for Public Provident Fund contributions in a minor's name permitted, subject to overall 80C limit.
Deduction under Section 80C(2)(iv) applies where an assessee deposits in the Public Provident Fund Scheme, 1968 in the name of a minor of whom he is guardian. Such contributions by the assessee on his own behalf or on behalf of a minor qualify for relief, but the total deductionable amount for Public Provident Fund contributions together with life insurance premiums, provident fund and similar contributions is subject to the aggregate limit set out in Section 80C(4).
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