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author's profile photo Former Member
Former Member

Snote clarification

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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  • author's profile photo Former Member
    Former Member
    Posted on Jun 08, 2012 at 04:29 AM

    Hi Experts,

    looking for valuable inputs...

    Thanks,

    Nirali P.

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