banner_ad

Ppf

This query is : Resolved 
Profile Image

Profile Image

(Querist)
11 January 2013 A PERSON WILL GET 22 LAKHS ON PPF MATURITY IN 2018?
NOW IF PPF MATURITY IS UNDER EET AS PER DIRECT TAX CODE, THEN IT WILL BE TAXABLE OR NOT, BECAUSE AT PRESENT DTC IS NOT APPLICABLE?
IS DTC IS APPLICABLE ON PAST INVESTMENTS?
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
15 January 2013 WE SHOULD NOT THINK THAT THE OLD AMOUNT LYING IN PPF WILL BE TAXABLE.
.
DTC WILL BE MADE APPLICABLE FROM THE PROSPECTIVE DATE ONLY.
.

MOST OF THE GOVT EMPLOYEES AND OFFICERS AND POLITICIANS WILL BE HAVING HUGE BALANCE IN THEIR ACCOUNTS -DO YOU THINK THAT THEY WILL ALLOW IT TO BE TAXABLE ???
Profile Image

rohit

Profile Image

rohit (Querist)
15 January 2013 BUT IF IT IS BROUGHT UNDER EET SYSTEM THEN...
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
15 January 2013 IN CASE IT IS BROUGHT UNDER THE EET THAN "T"
WILL SHOW ITS EFFECT AND THE ACCOUNT HOLDER
WILL BE BOUND TO FOLLOW THE SYSTEM.
.
Profile Image

rohit

Profile Image

rohit (Querist)
15 January 2013 IT MEANS THAT INVESTMENTS MADE BY A PERSON FROM LAST 15 YEAR AT THE TIME OF MATURITY WILL BE TAXABLE
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details