my son who is a minor receives gifts in cash on his birthdays and festivals and on visiting relatives . my gross in
come is 10 lakhs per annum. I pay 150000 in my ppf account per year. now I wish to open ppf account for my minor son and deposit accumulated cash gift of 150000 in his ppf account .I am guardian of this ppf account . is there any violation of pp rules or income tax rules
CAclubindia
