Regarding ppf
Rajendra Vangujare (Student) (30 Points)
24 February 2015
Is PPF contribution allowed as Ded. U/s 80 or any other sec. from tax Liability?
Rajendra Vangujare (Student) (30 Points)
24 February 2015
CA Sayli Jain
(CA)
(173 Points)
Replied 25 February 2015
Yes, contribution to PPF is allowed as to take benefit under section 80C of income tax act. Interest on PPF is also exempt.
Regards,
CA Sayli Jain
sayli12345 @ gmail.com
CAclubindia
