Ppf investment
This query is : Resolved
23 May 2017
Sir,
I have invested PPF Rs. 1500/- each month from Oct 16 to Mar-17
i.e Rs. 9000/- and Rs . 150/- earned Interest total closing balance is Rs. 9150/-
Please tell me how to treat this in income tax return all inclusive interest show in under section 80C or exclusive interest
Thanks & Regards.
I have invested PPF Rs. 1500/- each month from Oct 16 to Mar-17
i.e Rs. 9000/- and Rs . 150/- earned Interest total closing balance is Rs. 9150/-
Please tell me how to treat this in income tax return all inclusive interest show in under section 80C or exclusive interest
Thanks & Regards.
23 May 2017
80C - RS. 9000/- show.
23 May 2017
Tax Free Interest – No Tax is payable on the Interest Earned on PPF Account.
Interest Amount show in ITR 1 ---------------- Exempt income (For reporting Purposes)
Nature of Income ( Int received from PPF account) -- Amount
Interest Amount show in ITR 1 ---------------- Exempt income (For reporting Purposes)
Nature of Income ( Int received from PPF account) -- Amount
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