Can now we start investing Rs. 1.50 lacs in PPF? Because banks have not till receive any notification for the same. Will it be eligible for interest and tax saving?
Can now we start investing Rs. 1.50 lacs in PPF? Because banks have not till receive any notification for the same. Will it be eligible for interest and tax saving?
Also pls advise wether this additional 50 thousand if only to be invested in PPF ?
Yes Sujal,
u can invest upto 1,50,000/- in PPF for getting tax exemption.
Sanjay,
you can invest additional 50,000/- in any of the instrument(lic premium, 5 yr FD,etc) covered under 80C, not only in PPF.
Maximum investment limit for claimimg tax ded u/s 80C is 1,50,000/-
| Originally posted by : saloni | ||
 |
Yes Sujal, u can invest upto 1,50,000/- in PPF for getting tax exemption. Sanjay, you can invest additional 50,000/- in any of the instrument(lic premium, 5 yr FD,etc) covered under 80C, not only in PPF. Maximum investment limit for claimimg tax ded u/s 80C is 1,50,000/- |
 |
1.50 lakh for 80c so u can invest in all instrument cover in this section
Hi
I have attached FAQs related to T-2 Form.
Hello,
The minimum amount needed to be invested every year is Rs.500. The maximum amount of investment allowed every year is Rs.1.5 lac. You can make investments through a maximum of 12 installments per year.
Not making the minimum investment in a year will attract a penalty of Rs50.
O P Bagla & Co LLP
New Delhi
CA Inter
View Details
Aggarwal Sarawagi and Co
New Delhi
CA
View Details
CAclubindia
