Deduction of chapter vi a

Devendra (Chartered Accountant) (4775 Points)

28 April 2012  


Mr X has income from STCG Rs. 250000 on sale of Building. He has invested Rs. 70000 in PPF A/c. Whether the Chapter VI A Deduction of PPF is available for deduction? He has income from other sources Rs. 50000. Also what is the Tax Liability?