70000 is permissible limit pa.
Menu
Max Deduction for investing in PPF
| Originally posted by : Bimal Thacker | ||
 |
If you want to take deduction of 100000 under section80C by investing only in PPF then invest Rs.70000 in self account and RS.30000in spouse |  |
Ya i agree with u. Deduction of Rs.100000 can be taken be this way.
Its 70,000 only...
i agree with amir...............
Yes Max Deduction is Rs.70,000/-
For Sec. 80C the limit is Rs.1,00,000/- but under Sec. 80 C the limit for PPF is Rs.70,000/- and you can open only one PPF account in any one bank.
deduction upto Rs. 70,000 is allowed for PPF.
Recent Topics :
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
Related Topics :
CAclubindia
