Section 40(a)3
This query is : Resolved
09 May 2014
Can an individual open a fixed Deposit account or a PPF account by paying cash more than Rs. 20,000 ?
09 May 2014
Ritu 20K limit is on expenditure made n not on investments. If u deposit it in PPF or any other investment then it is not ur expenditure & hence u can invest.
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