PPF
This query is : Resolved
VINAYAK D PRABHU
(Querist)
04 March 2009
WHETHER MATURITY PROCEEDS FROM PUBLIC PROVIDENT FUND IS TAXABLE UNDER INCOME TAX ACT, 1961.
04 March 2009
Anu sum received from PPF scheme,1968 is exempt u/s 10(11) of the Income tax Act,1961.
VINAYAK D PRABHU
(Querist)
04 March 2009
Thank you Sir,
I would like to know further regarding this, because u/s 10(11) of the Income Tax ACt, 1961, it is mentioned that any payments.
Could you please explain to me further in this regard...
I would like to know further regarding this, because u/s 10(11) of the Income Tax ACt, 1961, it is mentioned that any payments.
Could you please explain to me further in this regard...
VINAYAK D PRABHU
(Querist)
04 March 2009
Sir, could you please explain further in this regard....
CA Tirth Ajani
(Expert)
04 March 2009
under ppf deduction under section 80 C is available and when on maturity the lump sum amount is received is exempt from tax and also the interest credit to the provident fund too is exempt at the time of receipt.
any paymnet means interest credit as well as the payment made towards the provident fund under section 80C is exempt.
any paymnet means interest credit as well as the payment made towards the provident fund under section 80C is exempt.
05 March 2009
No PPF Amount Recd not liable for any Tax
PPF Interest is also Tax Free
PPF Interest is also Tax Free
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST input credit on commercial property
- ETDS return q4 25-26
- Gift to nri relatives residing in usa
- Intimation under section 245
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
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
