I am an NRI. I get rental income in India, which is well above taxable limit. I know I cannot open a PPF account in my name. Can I open a PPF account in my wife's name, who is a resident Indian and deposit from rental proceed to claim deduction under section 80c.
My mother (56 Years old) is a housewife & have 5 lakh deposit in her saving account which she has got after selling of her jewellery and she has no other source of income so she wants to invest that money in Fixed Deposit in Banks.
So please advice me should she have to file IT return or not.
And also advice me how she can save TDS if its applicable of FD.
My mother is a housewife and gets the house rent from my father . She is investing the money in Mutual Fund in her own name. What would be the Tax implications. , Is she liable to file the return when the units of Mutual Fund are redeemed or will it get clubbed up with my father's income.