POSTED BY October 2, 2013 11:02 pm COMMENTS (3)ON
I have read lot of questions and answer on this forum and I am getting more confusion by reading those, I am explaining my scenario here, we are 3 family members.
My self, Wife, and minor son and I am having PPF account with my name now, Can my wife open an account on her name? How much she can invest and does it increase or impact on my tax liabilities?
Can we open one more account on name of our minor son? How much we can invest in and does it increase or impact on my tax liabilities? How much I can show as tax deduction ?