View Full Version : Income Tax benefit - On my children's PPF accounts
alok07
07-12-2010, 02:55 PM
I have opened two ppf accounts on my children individually, when they were minor. They have become major now. There are still a couple of years before the ppf matures i.e. completion of 15 years. Pls advice, if I can still claim income tax benefit, when I contribute to my children's PPF accounts.
CONFUSED
07-12-2010, 03:42 PM
You can claim tax benefit for your children's PPF account, till your children are minor.
Taxman
07-12-2010, 06:56 PM
You can claim tax benefit for your children's PPF account, till your children are minor. Confused is right. So deposit Rs. 70000/- in your PPF account and take IT claim.
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