Ppf
This query is : Resolved
Vishal Kumar
(Querist)
13 February 2013
Is interest on PPF be treated as being reinvested as Interst on NSC?
Guest
Guest
(Expert)
13 February 2013
no as interest on PPF is exempt and no deduction is allowed from exempted income
while Interest in NSC is taxable and hence allowed as deduction
while Interest in NSC is taxable and hence allowed as deduction
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