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Querist : Anonymous

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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
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CA.Sourabh Sethia

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CA.Sourabh Sethia (Expert)
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

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