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

Tax planning 295 views 2 replies

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.

 

Replies (2)

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

1. Yes..

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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register