Ppf
This query is : Resolved
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?
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?
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 ???
.
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 ???
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.
.
WILL SHOW ITS EFFECT AND THE ACCOUNT HOLDER
WILL BE BOUND TO FOLLOW THE SYSTEM.
.
15 January 2013
IT MEANS THAT INVESTMENTS MADE BY A PERSON FROM LAST 15 YEAR AT THE TIME OF MATURITY WILL BE TAXABLE
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