Should I get a PAN card for my minor daughter for making investments ?

POSTED BY sameer711 ON April 28, 2014 1:41 pm ONE COMMENT

I have a two month old daughter. I would like to start investing for her future and have opened a savings bank account. I would like to know whether I should get a PAN card in her name? What would be the benefits of the same? If I do get a PAN card in her name then do I have to file returns every year? What are the options if I do not get a PAN card in her name and still wish to invest for her?

One reply on this article “Should I get a PAN card for my minor daughter for making investments ?”

  1. ashalanshu says:

    Dear Sameer, you can invest in her name under your own guardianship with your own PAN.

    Thanks

    Ashal

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