Ppf
This query is : Resolved
08 July 2014
1) Interest on PPF
2) Amount contributed by self to PPF Account
please tell me under which section both are exempted ?
2) Amount contributed by self to PPF Account
please tell me under which section both are exempted ?
08 July 2014
EXEMPTION U/S 10(11) Any Payments received from a provident fund to which provident fund act applies Or from PPF set up by central govt. is exempt from tax.
08 July 2014
Exempted u/s 10(11) of the Income Tax Act 1961.
08 July 2014
u/s 10 it is exempt the intt on PPF.
08 July 2014
INTEREST ON PPF EXEMPTED U/S 10 IS OK...
BUT AMOUNT DEPOSITED/CONTRIBUTED TO PPF A/C,
DEDUCTION UNDER WHICH SECTION?
BUT AMOUNT DEPOSITED/CONTRIBUTED TO PPF A/C,
DEDUCTION UNDER WHICH SECTION?
08 July 2014
Dear such amount deposited is your investment not your income. So question of exemption does not arise.
08 July 2014
Dear CMA. CS.SANAJY JEE...PLEASE FOLLOW THE BELOW MENTION PATH ON GOOGLE..
https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-planning.html
https://taxguru.in/income-tax/all-about-deduction-under-section-80c-and-tax-planning.html
08 July 2014
Yes Manoj Ji Deduction for investment in PPF is available u/s 80C. I thought you were asking about amount invested in PPF received on maturity.
It is a well known fact that investment in PPF is eligible for deduction u/s 80 subject to a maximum of Rs 1 lac.
It is a well known fact that investment in PPF is eligible for deduction u/s 80 subject to a maximum of Rs 1 lac.
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Average Cost Of High Quality Diamonds
- ITR 4 OR ITR 3 WHICH FORM CHOOSE
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
