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Ppf doubt

Tax queries 531 views 3 replies

Hi,

I have ppf account and planning to get tax exemption by providing the ppf account book statement copy.

But I transfered money from my wife salary account to my ppf account.

And the detail that it transfered from my wife account and my wife name is showing on the particulars of my ppf account.

So my doubt is, is it create any problem for the tax exemption for me(I need the beneift to get for my salary tax),since it's giving the detail on passbook that it transferred from different person account and have my wife name on it.

Please reply.

 

Thanks in Advance,

Jay

Replies (3)

You can reimburse her with the same amt to her account. 

Not much to worry about.

Pay The same amount to yours wife account. Give a brief explanation also that you are paying the PPF from your own sources. What wife has transferred is balanced by your reimbursementioned to her account.

Ok,Thanks Kiran,Neha for your valuable reply.


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