Ppf interest
Querist : Anonymous
Querist : Anonymous
refer the Notification : No. SO 2430, dated 2-7-1968 also
2)Any PPF interest received is fully exempt under sec.10(11)
3)Extract of Section 10(11)for your reference..
"from any other provident fund set up by the Central Government and notified by it in this behalf in the Official Gazette"
Above words was Inserted by the Finance Act, 1968, w.e.f. 1-4-1969
So any amount received from Public providend fund scheme 1968 also covered in the section 10(11)
4)Investment is also exempt from 80C
Thanks & regards
Ganesh babu k
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