Ppf deduction u/s. 80c
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 February 2012
Dear sir/Madam,
my Query is that I want investment in ppf a/c. of Rs.70000/- in part of 50% investment in my Child Name (Minor) & 50% My Name & All Payment of PPF paid in my income. All investment Deduction in my Return. If Yes, Please give Advise in Detail.
Thanks Sir/Madam,
In Advance
my Query is that I want investment in ppf a/c. of Rs.70000/- in part of 50% investment in my Child Name (Minor) & 50% My Name & All Payment of PPF paid in my income. All investment Deduction in my Return. If Yes, Please give Advise in Detail.
Thanks Sir/Madam,
In Advance
29 February 2012
PPF contribution deposited by an individual in his own account or in the account of his/her spouse or in the account of any child is eligible U/s 80C subject to maximum of Rs.70,000 p.a. So, you can claim entire 70,000 deduction in your IT return.
29 February 2012
If i am not wrong then the limit is now increased to INR 100,000/-.
Plz clarify if i m wrong..
Thanks
Mihir Doshi
Plz clarify if i m wrong..
Thanks
Mihir Doshi
29 February 2012
All limits increased to Rs.1 lacs except PPF which is still Rs.70,000. There is a proposal to increase this to Rs.1 lacs in the coming budget. Lets see.
29 February 2012
Thanks....
29 February 2012
Mr Krishna Mohan
The PPF limit is already enhanced from 25.11.2011 from 70000 to 100000.
Please follow the link for the notification in this regard. Mr.Mihir is correct.
http://taxguru.in/finance/ppf-investment-limit-increased-1-lakh-1122011-interest-loan-ppf-cost-2-percent-extra.html
The PPF limit is already enhanced from 25.11.2011 from 70000 to 100000.
Please follow the link for the notification in this regard. Mr.Mihir is correct.
http://taxguru.in/finance/ppf-investment-limit-increased-1-lakh-1122011-interest-loan-ppf-cost-2-percent-extra.html
29 February 2012
Mr.Mihir
You are correct as the to enhancement of limit of PPF to Rs.1 lakh incase of PPF account.
You are correct as the to enhancement of limit of PPF to Rs.1 lakh incase of PPF account.
Message likes :
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01 March 2012
Hari Kishan, thanx for the information.
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