Amount deposited on 24/06/2020 in PPF 1.50 lakh-for Ass.year 2020-21 & in the same account can we deposit for 1.50lakh for 2021-22
Amount is returned back
Menu
PPF dep. for A.Y.2020-21 in 24/06/20 due to COVID & aga. for this year amount can be dep.fr A.Y.21-2
Replies (1)
You are limited to a total of ₹1.5 lakh per financial year. You cannot deposit for two different financial years within one, and any amount exceeding the annual ₹1.5 lakh limit will be treated as an irregular subscripttion, earning no interest and being ineligible for tax benefits.
Recent Topics :
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
Related Topics :
CAclubindia
