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Ppf withdrawal - benefit u/s 80-c

Tax queries 313 views 1 replies

I had opened my PPF, 15 yrs back.. As a std process and to cover my 80-C requirements was transferring funds online to the said PPF A/c. Following the same process, I trsf funds on or about 02.04.2014 to meet the requirements of 80-C for the FY 2014-3015..Post trsf I came to know that the PPF is maturing on this month end.. Now I am in fix and want to understand that in the event entire corpus is withdrawn (including the payment made on 02.04.2014), would I get the benefit of seeking exemption while filing my return. According to me I wld b able to withdraw entire accumulated amount, however wld not be able to seek exemption..

Request you to kindly advise on the aforesaid please.
 
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Thanks and Regards,
Mandeep Virdi
Replies (1)

You may choose to extend the PPF account for another 5 years.


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