Wife's ppf account

Querist : Anonymous (Querist) 29 November 2011 This query is : Resolved
sir,
i am NRI,working in merchant navy.( 6months in india and 6 months abroad)
i have indian passport as well as citizenship.only source of income is from foreign as i work abroad.my salary get deosited in NRE account.
my wife is housewife and stay in india.
If i deposite money in wife's PPF account via her bank account (resident indian),will be there any legel issue or issue about taxation?
i have no plan to settle abroad can i open PPF account??

please guide.

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Guest (Expert) 29 November 2011
As per prosion contained in Clause 3 of the PPF Scheme, a Non Resident Indian is neither eligible to open an account under the Public Provident Fund Scheme, nor he can subscribe on behalf of other persons, may be her wife or other family members.

Raj Kumar Makkad (Expert) 29 November 2011
You can directly deposit the money in the PPF account of your wife but she will be exempted only up to the maximum saving limit and money over that limit shall be taxable.