In case of contribution of VPF above 2.5 lakh after april 2021, only interest or interest plus matur
This query is : Resolved
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
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.
2 Maturity it will not be taxable.
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