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Can my mother (aged 47) open a ppf account, she don't have any source of income. What benefits I can get from this?

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If my mother opens a ppf account on her behalf, she don't have any source of income. What benefits i can get if she does so ?
Also, Can i help (gifting her money or any other way) her paying ppf ?
asked Nov 19, 2011 in PPF by hi_ag (1,750 points)   3 13 22
    

 
 

 

1 Answer

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If there is no income of her, she can't invest in PPF and if you give her money, you won't get tax benefits or any other benefits. It's better to open PPF on you name.

Check more at http://www.investmentkit.com/articles/2011/01/how-parents-can-bring-down-your-tax-liability/

Hope it will help you.
Admin
http://www.investmentkit.com
answered Nov 19, 2011 by admin (47,400 points)   5 7 12
What are the alternatives ?

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