The govt. has raised the limit of investment in PPF to Rs. 1 lac from 1.12.11. But is the whole amount of 1 lac can be claimed for exemption under 80 (c) or the old limit of 70,000 applies for 2011-12 fiscal?
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Ppf exemption
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1 lac can be claimed provided the remaining 30000 is deposited after 1-12-2011.
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