Interest on PPF
This query is : Resolved
Yasmin Salim Shaikh
(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?
Interest on PPF is allowed as deduction u/s 80C, but should it be shown as Income from other sources and included in GTI?
02 September 2009
it is exempted under section 10..not taxable, and will not be included in GTI calculation
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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