1.If I contribute from my income to a wife’s ppf account regularly & claim the 80C rebate in my return. Now when this PPF account in the name of wife matures/closed the sum received will be my Capital OR her capital? Can she further invest this money & earn from it without attracting clubbing provision to me.
2. If wife saves a little out of the money given to her for household expenses, that money is her own. And she can invest it without attracting clubbing provision to me. What is thumb rule for a reasonable amount for a year for such amount