80C Benefit after closer of PPF A/c


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Querist : Anonymous

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Querist : Anonymous (Querist)
18 March 2010 Can we claim for 80C deduction if there is withdrawal by the legal heir from PPF A/c and that account has been closed due to the death of account holder in the current assessment year in IT return of deceased assessee.

18 March 2010 yes u can claim

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2010 Thanks Mr. Aditya...
Is there any circular or notification regarding this. Please give us circular or notification number.

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2010 Thanks Mr. Aditya...
Is there any circular or notification regarding this. Please give us circular or notification number.

19 March 2010 Deduction for investment is allowed u/s 80C and withdrawl of PPF is not taxbale and ineterst on the same is also exempt u/s 10(10D)


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