Ppv
This query is : Resolved
ABBAS H PIPLODWALA
(Querist)
28 August 2015
I RECEIVED 400000 PPF MATURITY AMOUTN,
IS IT TAXABLE AND HAVE TO SHO0W TO MY COMPUTAION IN INCOME ABOUT PPF AMOUNT
IS IT TAXABLE AND HAVE TO SHO0W TO MY COMPUTAION IN INCOME ABOUT PPF AMOUNT
29 August 2015
Not taxable. you may show as exempt income
Message likes :
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ABBAS H PIPLODWALA
(Querist)
29 August 2015
MY SECOND QUESTIONS IS = IN BANK STATEMENT .. CREDIT AMOUTN IS 250000.. HAVE TO SHOW AS A GROSS RECEIPT IN MY INCOME.. AND CAN I PUT IT IN 8% NET PROFIT SLAB... THAT IS GROSS RECEIPT IS 250000 AND NET INCOME AS PER 8% THAT IS 20000.. IS IT RIGHT.. AND WHICH ITR FORM I HAVE TO FILL UP FOR THIS INCOME..?
01 September 2015
ppf INCOME IS NOT A BUSINESS INCOME SEC 44AD APLICABLE FOR BUSINESS INCOME
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