Institute of Chartered Accountants suggests hike in PPF limit and 80C deduction: The Institute of Chartered Accountants (ICAI) has recommended to Finance Minister Nirmala Sitharaman that the maximum ceiling for PPF investments be increased from Rs 1.5 lakh to Rs 3 lakh.
The ICAI mentioned the PPF as the only safe and tax-effective savings scheme. ICAI also said that it believes that the increase in the PPF deposit limit will boost household savings as a percentage of GDP and have an anti-inflationary effect. The ICAI also said that it believes a raise in th Read More
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