Subscription limit of ppf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2012
Dear Sir,
The government has recently raised the Public Provident Fund limit to 100000 Rs.
I am having one account in my name and the other account in my minor daughters name.
Please advise how much maximum can I invest in both accounts?
Upper limit of one lakh Rs is for my account and my minor daughters account clubbed together?
Or I can invest one lakh rupees per year in each accounts?
Thanks in advance
Rajesh
The government has recently raised the Public Provident Fund limit to 100000 Rs.
I am having one account in my name and the other account in my minor daughters name.
Please advise how much maximum can I invest in both accounts?
Upper limit of one lakh Rs is for my account and my minor daughters account clubbed together?
Or I can invest one lakh rupees per year in each accounts?
Thanks in advance
Rajesh
09 February 2012
You can invest Rs 100000/- each in both account. But you will get deduction u/s 80C of only Rs 100000/-
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
- Fy 22-23 --> tyed more in gst 3b vs 2b, any interest?
- CSR activities ITC
- Refund of accumulated ITC - Reg.
- Charity work ISD
- RELATED TO ITR OF POLITICAL PARTY
- TCS ON SCRAP SALE..
- Goodwill treatment
- Property transferred from cousin through Gift
- Eway bill INWARD SUPPLY
- How to file form ITR-B Detailes manner as per rule 12AE income tax rules,1962
- TDS ON SALE OF JOINTLY HELD PROPERTY
- Amendment in fast track GST registration
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
