PPF DEDUCTION
This query is : Resolved
02 February 2011
Dear Sir,
Can we claim PPF of previous yr. which is not claim in that yr., in next accounting yr.
pls advice.
Can we claim PPF of previous yr. which is not claim in that yr., in next accounting yr.
pls advice.
Anand Agarwal
(Expert)
02 February 2011
No u cannot claim. PPF deduction has to be claimed in the year of payment.
Message likes :
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RAMESH KUMAR VERMA
(Expert)
02 February 2011
agree with expert.
please noted that:-
Any individual may, on his own behalf or on behalf of a minor of whom he is the guardian, subscribe to the Public Provident Fund (thereafter referred to as the fund) any amount not less than Rs. 500 and not more than Rs. 70,000 in a year.
please noted that:-
Any individual may, on his own behalf or on behalf of a minor of whom he is the guardian, subscribe to the Public Provident Fund (thereafter referred to as the fund) any amount not less than Rs. 500 and not more than Rs. 70,000 in a year.
Message likes :
1 times
02 February 2011
PPF deduction is available for only current year contribution.
Message likes :
1 times
RAMESH KUMAR VERMA
(Expert)
02 February 2011
agree with you sir........
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