No, Long Term Capital Gains (LTCG) cannot be deducted with the amount invested in PPF under Section 80C of the Income Tax Act, 1961. Section 80C provides a deduction for specified investments and expenses up to a maximum of Rs. 1.5 lakhs in a financial year. LTCG is a separate tax calculation based on the sale of capital assets, such as property, equity shares, and mutual funds, and it is not related to investments made under Section 80C.
