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Ppf interest

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(Querist)
31 July 2015 what is the traetment of ppf interest which is accrued at the end of the year while finalising the accounts.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
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.
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piyush kr. singh

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piyush kr. singh (Querist)
31 July 2015 thanks sir, then no entry on account shall be made regarding ppf interst?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
31 July 2015 You can do it as you decide.
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piyush kr. singh

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piyush kr. singh (Querist)
31 July 2015 thank you sir for helping me.
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