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I am a senior citizen aged 74 years. My wife and I are taking full benefit of Sec 80C of the Income Tax Act in our respective individual IT file by way of PPF. I want to deposit some extra amount in my minor grandsonís PPF a/c. I donít want to claim any IT benefit for this transaction. At present my grandsonís IT file is clubbed with my sonís IT file. My son also donít want to claim any benefit as he is already availing benefit under Sec 80C.
ó CLBiyani, New Delhi
My question is, why donít you want to claim tax benefit if you still can. If it exceeds your limit, then it would only be an investment without tax benefits in this particular financial year.
óAdvice by Adhil Shetty,CEO, Bankbazaar
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