New Delhi, July 3 -- Q. My daughter is settled in the UK after her marriage in 2021 and is a British passport holder. She had opened her PPF (Public Provident Fund) a/c in 2016 when she was in India. She also has savings bank accounts jointly with her mother. She does not have any source of income in India now. Can I deposit Rs.1.5 lakh every year in her PPF account till maturity just to keep it alive, or should it be closed before the maturity period of 15 years? Though I have my own PPF account also, where I deposit Rs.1.5 lakh every year. I filed my own ITR as a senior citizen. Can she continue her SB account as the 1st holder, or does she have to change her status in the savings bank account?
Your daughter had become a non-resident u...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.