20 June 2008
I deposit sum of Rs 70000 in my PPF a/c, Rs.30000 from my own a/c and Rs.40000 from joint a/c with my wife, is it valid from income tax point of view?
20 June 2008
Ya it is valid from income tax point of view. previous is was not valid when provision was there that invesment in PPF must be out of your taxable income of that previous year. but now u can.
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