Posted on January 18, 2013April 25, 2013 by adminmy 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.?Rate these answers
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 exemptHMT Reply
no, becoause its your righteous to get that
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