Menu
Investment in ppf
PPF act limits investment @ INR 150000 per FY. Is it per person or per account? Can I invest INR 150000 each in 2 PPF accounts? One of these is my own and other of my minor son. Please substantiate with legal provision and/or court decision?
Replies (1)
The limit of PPF deposit in a year by an individual in his self account and accounts opened by him on behalf of his minor(s) of whom he is the guardian is combined under rule 3(1) of the Scheme.
- MOF (DEA) Notification No GSR 908 (E) dated 6.12.2000
- For more such clarifications - click here
Recent Threads
- Only a Few Pages Indexed by Google Despite Sitemap
- Share sale by promoter of public limited company
- Individual working for a firm to take sales orders
- BIN view site not working
- Settlement of advance by customer
- GST chow cause notice
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
Related Threads
CAclubindia
