Ppf
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 April 2013
some of my friends told me that if you deposit Rs. 50000/- or more in PPF a/c in single installment then you can not claim PPF as deduction u/s 80C
is it right or not ??
pls explain it in simple way
thanks
is it right or not ??
pls explain it in simple way
thanks
11 April 2013
no such rule as per the provision of Income tax act.
but you need to see the PPF act stating such conditions if any
but you need to see the PPF act stating such conditions if any
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