SEC-80C
This query is : Resolved
Guest
Guest
(Querist)
16 January 2010
IS IT TRUE THAT ONLY 70,000/- CONTIBUTION TO PPF IS ALLOW AS DEDUCTION AS DEUCTION U/S 80C
I NOW AS PF ACT MAX. CONTRIBUTION CAN BE DONE OF 70000.
SUPPOSE X MADE CONTRIBUTION OF RS.70000 AND FOR HIS CHILD Y CONTRIBUTES 30000 WHAT WOULD BE THE MAX DEDUCTION?
I NOW AS PF ACT MAX. CONTRIBUTION CAN BE DONE OF 70000.
SUPPOSE X MADE CONTRIBUTION OF RS.70000 AND FOR HIS CHILD Y CONTRIBUTES 30000 WHAT WOULD BE THE MAX DEDUCTION?
CMA Ramesh Krishnan
(Expert)
16 January 2010
No there is no maximum celing limit under Income tax Act for contributing to PPF.Contribution to PPF Maximun limit is Rs.70000/- only under PPF Scheme
Message likes :
1 times
CA Ravi Sisodia
(Expert)
16 January 2010
Agree
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- MSME disclosure and disallowance
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
