PPF account for minor
This query is : Resolved
03 September 2023
can a father open a ppf account for his minor son? Can he deposit 150000 in both accounts ( in his own ppf account and his minor son account in a F Y. ? Can he claim rebate u/s 80 C for his own account? Is there any other tax liability for his minor son's ppf account ?
04 September 2023
1 yes.
2 yes.
3 yes.
4 No tax liability.
2 yes.
3 yes.
4 No tax liability.
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