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Ppf contribution

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Querist : Anonymous

Querist : Anonymous (Querist)

04 January 2016 1. I have deposited 150000 in PPF account from the income earned this year
2. In addition to above Rs. 50000 are deposited in PPF account. This amount is of FD maturity
3. Do I have to Show this 50000/- in ITR as PPF contribution in this year in addition to Rs. 150000 (ie Total Rs. 200000)?

CA Prashant V. Rughani

CA Prashant V. Rughani (Expert)
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04 January 2016 amount more than 1,50,000/- cannot be deposited in PPF account during single FY.

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CA Pallav Singhania

CA Pallav Singhania (Expert)
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04 January 2016 A minimum deposit of Rs. 500 must be made during one whole financial year. The maximum that could be deposited is Rs. 1,50,000 in a financial year.

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