Okkk..
Got ur point...
Thanx for the explaination...
Deduction u/s 80-C
Page no : 2
Sagarika
(CA,CWA)
(29 Points)
Replied 10 March 2010
Invesment in PPF is limited to Rs 70,000 per annum and deduction u/s 80C for such contribution is also
limited to Rs70000 per annum.
But for employees contribution to RPF (Recognised Provident Fund) deduction can be claimed u/s80C to the maximum extent of Rs100000 per annum.
Piyush
(job)
(35 Points)
Replied 10 March 2010
In case of PPF = Maximum deductio u/s 80 C is Rs, 70000.
But in case of RPF = maximum deduction is Rs 100000.
viki
(aa)
(34 Points)
Replied 27 March 2010
Guys, I think when you open PPF account for Anyone ( Minor, wife , self,,,.. ) its consider as individual PPF account. So one should be able to invest 7000 in self and also 70000 in minor. He will definately get interest exemption on both account. only u/s 80 -c exemption will be allowed not more than 70000 per year.
bharat
(ARTICLE)
(86 Points)
Replied 27 March 2010
Vivek is right...... 70000 Rs limit is for PPF not for SPF and RPF
SHUVRO
( (WANT TO LEARN) )
(175 Points)
Replied 28 March 2010
The ,maximum amount allowed to be deposited in the PPF in one year is RS 70000 only
Please check out the following link
Dharmendra Yadav
(Student of ICWAI)
(61 Points)
Replied 25 August 2012
Dear all,
as per my knowledge the maximum amt of Rs. 70,000/- can be claimed u/s 80 c regarding PPF
Thanks
Dharmendra Yadav
(Student of ICWAI)
(61 Points)
Replied 25 August 2012
as per the question of pramod sir he is demandind the answer related EPF Not PPf so he can claim deduction u/s 80 c Extent to 100000/-
so Mr. Pramod ji can claim deduction of Rs. 100000 and the amount of Rs. 44000 shall be ignored
thanks
Dharmendra Yadav
Recent Topics
- GST registration -notice
- GSTIN Suspended Form GST Reg 17
- Request for GST Clarification regarding ITC
- Is Capital Gain exemption available for Property a
- EPF CONTRIBUION BY EMPLOYER
- Letter of credit -seller procedure
- Filling form 26 QB
- RPT AND ITC ISSUE
- Tax Liability and ITC Summary related Issues
- REQUIRED FORMAT FOR AMENDMENT TO PARTNERSHIP DEED
Related Threads
CAclubindia
