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80C Benefit after closer of PPF A/c

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 March 2010 Can we claim for 80C deduction if there is withdrawal by the legal heir from PPF A/c and that account has been closed due to the death of account holder in the current assessment year in IT return of deceased assessee.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
18 March 2010 yes u can claim
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2010 Thanks Mr. Aditya...
Is there any circular or notification regarding this. Please give us circular or notification number.
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2010 Thanks Mr. Aditya...
Is there any circular or notification regarding this. Please give us circular or notification number.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
19 March 2010 Deduction for investment is allowed u/s 80C and withdrawl of PPF is not taxbale and ineterst on the same is also exempt u/s 10(10D)

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