Children furure saving
This query is : Resolved
18 August 2009
sir,
1.I am planning to set aside initial 2.5 lacs as fund for daughter's eductaion & Marraige. Can you guide me the process so that the earning to fund set aside belong to child and not to the parent eg trust etc.
2. I have PPF account & wife has PPF a/cs both contribute 70000 each. Can we open PPF account in child name to claim another 70000 not to be clubbed with my & wife ceiling
1.I am planning to set aside initial 2.5 lacs as fund for daughter's eductaion & Marraige. Can you guide me the process so that the earning to fund set aside belong to child and not to the parent eg trust etc.
2. I have PPF account & wife has PPF a/cs both contribute 70000 each. Can we open PPF account in child name to claim another 70000 not to be clubbed with my & wife ceiling
18 August 2009
Create Trust of your Daughter Name.
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