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Ppf exemption rule

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Student CA IPC / IPCC
117 Points Posted on 02 January 2020
hello sir,

I want to knw .. for which financial year i will the benefit of deduction of PPF.?
even i after the completion of 15yrs of ppf, i don't withdraw the amount, can i take the deduction of ppf.

thank u
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On 02 January 2020 at 23:47 Report
Replies (6)
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12244 Points Posted on 03 January 2020
PPF contribution can be claimed as deduction for the amount that has been contributed during the relevant financial year pertaining to the assessment year
35 Reply
On 03 January 2020 at 00:00
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17264 Points Posted on 03 January 2020
After 15 years, you have to apply for extension of PPF A/c for further 5 years. You can apply for extension belatedly also.

The deposit into PpF Account after 15 years will qualify for 80C deduction. (As long as your account is not closed)
101 Reply
On 03 January 2020 at 00:43
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Student CA IPC / IPCC
117 Points Posted on 03 January 2020
Thank u soo much sir...
Income tax has nothing to do with the year in which it got matured... if i invest for 15 years but withdraw my amount from ppf account after 20 year... inbetween 5yrs i did not invest any single penny then deduction can't be claimed..?
2 Reply
On 03 January 2020 at 08:26
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17264 Points Posted on 03 January 2020
Minimum amount Rs 500/- per year is to be deposited mandatorily during extended period
101 Reply
On 03 January 2020 at 08:48
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INCOME TAX OFFICER
1736 Points Posted on 03 January 2020

If you don't invest during the period, then you can't claim deduction 

8 Reply
On 03 January 2020 at 09:34
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Student CA IPC / IPCC
117 Points Posted on 03 January 2020
Thank u soo much everyone for clarifying my doubts
2 Reply
On 03 January 2020 at 09:36


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