80c
This query is : Resolved
06 March 2012
sir/madam
since central Govt. has raised the deposit limit from 70 thousand to Rs. 1 lacs in PPF account can we claim deduction of Rs.1 lac if we deposit the same in PPF a/c
since central Govt. has raised the deposit limit from 70 thousand to Rs. 1 lacs in PPF account can we claim deduction of Rs.1 lac if we deposit the same in PPF a/c
06 March 2012
Yes, We can claim 1 lakh there is no limit under income tax act for ppf is concerned but maximum combined limit for 80c,80CCC and 80CCD is 100000.
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