21 August 2021
In case of contribution of VPF above 2.5 lakh after april 2021, only interest or interest plus maturity is taxable: 1. Whether only interest earned over the contribution above 2.5 lakh is taxable or 2. Alongwith interest maturity will also be taxable
21 August 2021
1 Only interest earned on contribution above 2.50 lacs is taxable. Such interest and such contribution will be cumulated and interest earned yearly is taxable. 2 Maturity it will not be taxable.
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