Regarding p p f in case of minor children
This query is : Resolved
Manish Mehta
(Querist)
22 June 2015
my annual income from business is appx 6 lacs or more.
my wife is a house wife having income from other sources of appx 4 lacs p.a
can we both after investing 150000 each in our p p f account further invest 150000 each for our two children or only i can invest for my children or both of us can invest or we cannot invest
23 June 2015
Both of you can invest in children's PPF account but no further benefit of section 80C if limit of Rs. 1.5 lac is exhausted.
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