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Deduction u/s 80C for PPF

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(Querist)
02 September 2009 The interest on PPF reinvested will be eligible for 80C deduction. Then the limit of Rs. 70000 is inclusive of Interest or otherwise?

If i invest during the year Rs. 70000/- in PPF and receive interest on the same which is reinvested then what is the amount of deduction i can claim?

Will it b only Rs. 70000/- or 70000 plus the interest on it?
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
02 September 2009 70000 is the limit.
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Ratan Sharma

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Ratan Sharma (Expert)
02 September 2009 Agreed.
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