Menu
PPF contribution by father .
Amount received from his son as a gift and deposit in PPF account and Nomination in favour of his son ( amount received from son) . It is possible , please advise .
Replies (4)
It is okay
Interest and amount received from PPF is exempted income or not
If per year contribution is more than 2.5 lacs, then interest on such PPF is taxable under normal slab rates. And maturity proceeds are not taxable
Max contribution allowed is only 150000/-
Interest is tax free
Recent Threads
- GST Export Refund
- Missed Deadline of Form 10AB. What Should be next
- Rural land near mining zone
- Partners rental income
- Donation deduction in ay 22-23
- ITR Filing for NRI (Dubai) – TDS u/s 194H &a
- CA Final Group 1 Exam - AFTER A LONG GAP
- What accounting software works best for small busi
- Accumulated amount received from pf account
- Sec.10 (10D) Tax Benefit not available to PaidUp p
Related Threads
CAclubindia
