This discussion clarifies the correct tax section for declaring interest earned on a Public Provident Fund (PPF). The consensus is that PPF interest is tax-free and should be declared under Section 10(12), which pertains to recognised provident funds. This section specifically covers income received from a recognised provident fund.
Could you please confirm me, where we have to show Interest on PPF Tax free Income under which section . 1. Sec 10 (11)- Statutory Provident Fund received Or 2. Sec 10(12)- Recognised Providend Fund received
17 December 2020
Dear Sir, Could you please confirm me, where we have to show Interest on PPF Tax free Income under which section . 1. Sec 10 (11)- Statutory Provident Fund received Or
2. Sec 10(12)- Recognised Providend Fund received Please help me
17 December 2020
Dear Sir, Could you please confirm me, where we have to show Interest on PPF Tax free Income under which section . 1. Sec 10 (11)- Statutory Provident Fund received Or 2. Sec 10(12)- Recognised Providend Fund received Please help me