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Contribution in Sukannya Samriddhi yojna of my granddaughter
1) She must be less than 10 years of age.
2) Biologycal Parents ( Father and Mother) or legal guardians appointed by the Court Can only open the Sukanya Samriddhi yojana for girl child.
Take more Opinion on this.
I think you Can pay to her parents, they will Open account , because of one the condition in the Yogana .
if the amount is more then gift it to your son , which is exempt under Income tax Act 1961 , he will deposit in yojana .
Sill take more opinion on this.
Sir, can I contribute as a gift to my granddaughter?
Yes , You Can Gift money to your granddaughter if amount is more , however, it's always better to prepare or must prepare" Gift deed" from ,"Notary Public" ( Notary Advocate) , as a documentary evidence.
Gift from Grandfather to Granddaughter is also exempt under section 56(2) of the income tax Act 1961.
Contact near by CA he will guide you.
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