Has the increase in limit of PPF form Rs.70,000 to Rs.1,00,000 have any effect on upper limit on Sec.80C ??
4 Replies
CA Ketan Waghela
(Partner at Elite Educare)
(356 Points)
Replied 16 December 2011
According to me there is no effect in the limit of 80C. It is still Rs.1,00,000/- max.
members please correct me if I'm wrong.
deepak
(C.A & C.S Final)
(63 Points)
Replied 16 December 2011
Respected Members,
For the A.Y 2012-13, no change in deduction under section 80C.
Chinmay
(Accounts Professional)
(356 Points)
Replied 30 December 2011
Yes, the PPF limit has been increased by Rs.30,000/-......
Previously it is Rs.70,000/-; but now onwards Rs.1,00,000/-***
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 31 December 2011
i am not sure but i think it is increased...
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