Ppf interest
This query is : Resolved
31 July 2015
what is the traetment of ppf interest which is accrued at the end of the year while finalising the accounts.
31 July 2015
PPF interest is exempted from income tax either on accrual or on maturity. For purpose of accounting you account it on the basis of accrual.
31 July 2015
thanks sir, then no entry on account shall be made regarding ppf interst?
31 July 2015
You can do it as you decide.
31 July 2015
thank you sir for helping me.
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