POSTED BY February 23, 2014 10:31 am COMMENTS (3)ON
I am having my own PPF a/c. I have opened a PPF a/c in my daughter’s name who is 12 year’s old.
Can I deposit Rs. 1 Lakh each in both the a/c in a financial year ? Is it required to declare the minor a/c also in Form 16 ? Additionally, can I open a PPF a/c in my wife’s name who is a housewife ?