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Interest on PPF

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(Querist)
02 September 2009 What is the tax implications of Interest on PPF?

Interest on PPF is allowed as deduction u/s 80C, but should it be shown as Income from other sources and included in GTI?
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Nischint Kumar Somani

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Nischint Kumar Somani (Expert)
02 September 2009 it is exempted under section 10..not taxable, and will not be included in GTI calculation
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
02 September 2009 its not deductible u/s 80c but its exempt u/s 10(11), u need to show it under the head exempt income in ITR.




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