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Snote clarification

Former Member
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Hi Experts,

As per indian govt norms, the PPF limit has been increased to 1,00,000 wef Dec 2011, and we have applied snote 1504343 in Jan 2012

Note 1504343 - PPF limit under section 80GG has limit of Rs 1lakh

And now I read the note 1367469 Note 1367469 - PPF investment limit under section 80C is Rs 70,000

according to note 1367469, it has again replaced the investment limit to 70,000 in V_T7INI4 for investment code 7.

I am looking for expert advice to clear my confusion, should i apply note 1367469? if yes, then employee won't be eligible for 1,00,000 limit under PPF head.

What will be the wise step?

Thanks in advance,

Nirali P.

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Answers (1)

Answers (1)

Former Member
0 Kudos

Hi Experts,

looking for valuable inputs...

Thanks,

Nirali P.