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I have PPF account which will be completing 15+5+5 years now. My question is that can it be further extended for as many 5 years blocks i wish? As ppf act says you can extend account for 5 years but do not specifies that for how many such 5 years blocks extension can be availed?

I was married in 1984. My wife had received Rs. 30,000 gift from her father during 1994. This amount was invested in equity only by IPOs & never in FD. Since then she has built up portfolio from this amount. From 1994 up to till date, she has never earned by way of bank interest, divided...

Dear Sir, My question is that am i correct in my following understanding "I earn out of salary. Out of this tax paid income of mine if I give any amount for as many times I wish during the year to my major sons then this will not attract any gift OR income tax on me as well as gift OR income...