PPF DEPOSIT

This query is : Resolved 

01 April 2020 Sir, we have deposit Rs. 56000 in PPF account on 01.04.2020 please suggest how to make the entry in books of account. PETERING to FY 2019-20

01 April 2020 Entry of deposit has to be made in FY 2020-21 only but deduction can be claimed in FY 2019-20.

03 April 2020 you can claim in 19-20 during return filing exercise

03 April 2020 Yes entry to be made in FY 2020-21.
Deduction can be claimed in FY 2019-20


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