HELLO FRIENDS, IF A PERON IS EMPLOYEE AND HIS GPF IS DEDUCTED CAN HE ALSO OPEN THE PPF A/C IN THE POST OFFICE FOR TAX SAVINGS PURPOSE U/S 80C
HELLO FRIENDS, IF A PERON IS EMPLOYEE AND HIS GPF IS DEDUCTED CAN HE ALSO OPEN THE PPF A/C IN THE POST OFFICE FOR TAX SAVINGS PURPOSE U/S 80C
Hi Raj Kumar
There is no restriction for opening a PPF account. Anybody can open and get deduction u/s 80C. Of course, the maximum amount of all the investments eligible u/s 80C (including PPF and GPF) cannot exceed 1 lakh.
agreed with Sowmya P K
AGREED WITH SOUMYA.
REGARDS,
MANOJ
Agreed with Sowmya P K.
Hi Friends,
I think, the limit for PPF A/c exemption is restricted to Rs.70,000/-***
agreed with Sowmya P K
CAclubindia
