2nd ppf account in minors name

This query is : Resolved

U K Prabhu (Querist)
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03 January 2017 I am an IT assessee. I am having a PPF account contributing full eligible amount of Rs.150000/- per year. My minor son is not having any income of his own. Please let me know whether I can open another account in his name and contribute to his account (In addition/apart to my account). If so, how I have to report this in my IT Return.

Amol S Joglekar

Amol S Joglekar (Expert)
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03 January 2017 As per PPF rules, you can NOT deposit more than 1.5,
But in reality, people do open 2 accounts and deposit 1.5 each and claim only 1.5 for 80C

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