my father had deposited rs 1 lakh each in my son’s PPF a/c (i am guardian) & also in my ppf a/c in yr 2004.?



Is there any tax liability on me? if yes, what action can i take now?

my father had deposited rs 1 lakh each in my son’s PPF a/c (i am guardian) & also in my ppf a/c in yr 2004.?
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2 Replies to “my father had deposited rs 1 lakh each in my son’s PPF a/c (i am guardian) & also in my ppf a/c in yr 2004.?”


  1. PPF comes under EEE, i.e.

    Investment has tax exemption
    Accrued interest every year is fully tax exempt
    Finally the complete withdrawl amount is fully tax exempt

    HMT





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