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RE:ppf details
by Jigar Sanghavi on Jan 16, 2006 11:54 AM

Hi,

You can have PPF account on your father and mother name.

But max. amount can be invested / year is 70,000 /-.

So if you have 3 accounts then u can invest 2,10,000/- (70,000/- per account)

You can invest in their account in cash.

But you can only get tax benifit of 70,000/- for tax calculation.



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