02 September 2009
The interest on PPF reinvested will be eligible for 80C deduction. Then the limit of Rs. 70000 is inclusive of Interest or otherwise?
If i invest during the year Rs. 70000/- in PPF and receive interest on the same which is reinvested then what is the amount of deduction i can claim?
Will it b only Rs. 70000/- or 70000 plus the interest on it?
CAclubindia
