PPF DEDUCTION U/S 80C f.y. 2022-23 & f.y. 2023-24

CA LAVESH VASYANI (CA IN PRACTICE) (148 Points)

22 March 2023  

Assessee deposits Rs. 1,50,000 in PPF account on 21.03.2023, however PPF account is maturing on 01.04.2024. Whether 80C deduction can be claimed for F.Y. 2022-23?

Further if he invests in March 2024 again Rs. 1,50,000 in above account which is maturing on 01.04.2024. Whether 80C deduction can be claimed for F.Y. 2023-24?

Thank You.