INTEREST ON PPF ON MATURITY
This query is : Resolved
27 April 2023
DEAR SIR, ONE OF MY FRIEND'S WHO HAS A PPF ACCOUNT WHICH COMPLETED 15 YEARS ON 31/3/2023. HE HAS DECIDED TO CLOSE THE PPF ACCOUNT. WHETHER HE WILL GET ANY INTEREST FROM 1/4/2023 TILL THE DATE OF CLOSING OF THE PPF A/C, SAY, 28/4/2023? THANKS & REGARDS
27 April 2023
He can get interest for full one month, but not for incomplete month.
If he closes on 01.05.23, he will get interest for 1 month, but no interest if he closes the acc on 28.04.23.
If he closes on 01.05.23, he will get interest for 1 month, but no interest if he closes the acc on 28.04.23.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Payment for sale in March and Sale deed registration to be done in April
- Treatment of TDS under Section 194-IA in case of cancelled property transaction
- GST APPEAL ITC
- REGARDING ITR OF TRUST
- Unable to file 3B monthly return
- TDS U/S 194S VDA
- Requirement of Form 15CA CB - Rent payment
- Surcharge on discretionary AOP/TRUST for AY 25-26
- Section 8 Company Service Extension Outside India
- Is income tax applicable on cash gift received in the shape of bank transfer on recipient hands
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
