PPF investment
This query is : Resolved
04 February 2008
I have open a PPF account on 13 March,2001 and deposit Rs 25000. Upto March 2007 I have deposited Rs 25000 per year. From thia year ending March 2008 onwards I would like to deposit Rs 70000 per year till 2015. Now if I withdraw Rs 70000 per year in the begining of the financial year say April 2008 and deposit the same by February 2009 will my balance affected.
04 February 2008
Your query is not clear to me.
1.You are permitted to withdraw only as per PPF rules.
2. If you with draw in April (beginning of financial year)the balance will get reduced, till you make it up in Feb (almost at the end of year), there is no doubt!
1.You are permitted to withdraw only as per PPF rules.
2. If you with draw in April (beginning of financial year)the balance will get reduced, till you make it up in Feb (almost at the end of year), there is no doubt!
04 February 2008
05 February 2008
Hi Mr Sharma,
You may withdraw the entire amount at one go after 15 years or you may withdraw the 1st despoit after 5 years and so on and so forth.
The PF is calculated on the balance outstanding as at 31st March.
Rgds/
Vineet
You may withdraw the entire amount at one go after 15 years or you may withdraw the 1st despoit after 5 years and so on and so forth.
The PF is calculated on the balance outstanding as at 31st March.
Rgds/
Vineet
07 February 2008
pl first see whether every year drawing is possible in PPF it is not a savings or current account so withdrawing every year is not possible there is certain limit in withdrawing money from PPF
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
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Exiting partner in partnership firm in gst portal
- Traces submitting correction statement error
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
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
