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

397 views
User Avatar

CA IN PRACTICE
23 Points Posted on 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.

 

0 Reply Share Follow
On 22 March 2023 at 12:14 Report
Replies (2)
Quick Summary
This discussion clarifies PPF deduction eligibility under Section 80C for financial years 2022-23 and 2023-24. It addresses whether a Rs. 1,50,000 deposit made in March 2023 is deductible for FY 2022-23, even if the PPF account matures on April 1, 2024. It also explores the deductibility of a similar March 2024 investment for FY 2023-24, particularly if the account is extended.

User Avatar

ACCOUNTS MANAGER
83 Points Posted on 22 March 2023

YES ....I THINK................. ................

Reply
On 22 March 2023 at 13:00
User Avatar

SEO Sai Gr. Hosp.
55 Points Posted on 22 March 2023

1. Yes..

2. Yes, only if it is extended for next five years,

Reply
On 22 March 2023 at 13:00

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. LTCG - SEC54
  2. Foreign remittance from our client for Co Working
  3. UDIN generation
  4. Reply plz guys
  5. Tax Deduction and Collection Account Number
  6. Where can students practice XAT PYQs effectively?
  7. Gst on Guest house 5% without ITC
  8. How do you collect documents from clients for ITR
  9. GST ITC on Construction/ Tenant Specific Renovatio
  10. GST Treatment and Reporting of Share & Mutual

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details