If I withdraw Rs.50,000 from my PPF account during July 2005 and deposit Rs. 50,000 during August 2005 to the same account, whether tax rebate under section 80 c is allowed.
RE:Query...
by Bhaskar on Mar 05, 2007 03:13 PM Permalink
They take Rs 100 as fine for that year as well as minimum Rs 500 as contribution for each year missed.
Can you tell me rules for multiple withdrawal from PPF account after 6 year of opening. e.g. if I had opened account in 2000. first eligible withdrawal is 2007, what about next withdrawal.
Hi, Just wondering if PPF is real worth these days when life is so uncertain and full of risks. My mom too made huge investments, so that it's beneficial after her retirement. But she couldn't enjoy the benefits as she passed away bcoz of cancer. She just made savings most of the time investing money here and there. i donno and am fully confused. Arthi
