I have 2 daughters, 7 months and 3 years old. Me and my wife are both salaried professionals. I want to invest in Sukanya Samriddhi Yojana (SSY) for both my daughters. Me and my wife already invest in our own PPF's. I have a few queries:
1. Can I pay in SSY for both my daughters ? 2. Can I pay in SSY of one daughter and my wife can pay in SSY of the other daughter ? If my wife is paying in one daughter's SSY, she has to be made the legal guardian for that daughter's SSY? 3. Can my HUF pay in SSY of my daughters ? 4. Can my father's HUF pay in my daughter's SSY i.e grandfather's HUF paying for SSY of granddaughter? 5. Can my father pay in my daughter's SSY i.e grandfather paying for SSY of granddaughter? 6. When the account turns 21 years, the maturity proceeds will be given. Will the income generated by this amount be clubbed with my income after 21 years?
CAclubindia
