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
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CA Ravi Sisodia
(Expert)
16 January 2010
Agree
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