This question is regarding PPF deposit WITHOUT taking tax aspect in mind :
Case 1 :
A : Husband opened account of ---------------------> B : Minor Kid
C : Wife
1) Husband A will put 100000 in Minor Kid B' account
2) Husband A will put 100000 in Wife C's account
3) Wife C will put 100000 in Husband A's account
Total 300000 can be deposited in PPF by family
---------------------------------------------------------------------
Case 2 :
A : Husband opened account of ---------------------> B : Minor Kid
C : Wife opened account of ---------------------> D : Minor Kid
1) Husband A will put 100000 in Minor Kid B' account
2) Husband A will put 100000 in Wife C's account
3) Wife C will put 100000 in Husband A's account
4) Wife C will put 100000 in Minor Kid D' account
Total 400000 can be deposited in PPF by family
------------------------------
Please confirm legality and validity of PPF examples mentioned by me and provide appropriate reference of Circular or GR for same
CAclubindia
