Funding your spouse's PPF account? Tax expert explains how Section 80C rules
· livemint.com
Funding your spouse’s PPF account can help you claim a Section 80C deduction of up to ₹1.5 lakh, provided the contribution comes from your own income. Tax treatment, ownership rules, clubbing provisions and practical points every taxpayer should know before investing.
When investing across asset classes such as stocks, bonds, debt instruments and Public Provident Fund (PPF), taxpayers must adopt a clear strategy to maximize r...