ppf
This query is : Resolved
21 January 2010
Hi friends... can u tell me that how withrawal from ppf can be shown in return?? means under which head...
CA Kamal Gangaramani
(Expert)
21 January 2010
Withdrawals from PPF is excluded from total income, hence it is not shown under any head of income tax, you have to make a statement of income excluded from total income after you have made statment of computaiton of income tax
In return also there is coloum to show excluded income
In return also there is coloum to show excluded income
Aditya Maheshwari
(Expert)
21 January 2010
When you pay PPF then deduction is claimed u/s 80C and when interest accrues on PPF the same is shown in the exempt income column under the head interest.
However there is no provision to show withdrawl of PPF as yet in the return.
However there is no provision to show withdrawl of PPF as yet in the return.
CA Kamal Gangaramani
(Expert)
21 January 2010
You can show withdrawals, the same coloum where you show exempted income.
Chandresh Pitroda
(Expert)
23 January 2010
Not to show. Its not required to show Withdrawal as such. It will be effective when proposed Direct TAx code will be applicable.
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