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Ppv

This query is : Resolved 
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(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
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Shijith

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Shijith (Expert)
29 August 2015 Not taxable. you may show as exempt income
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ABBAS H PIPLODWALA

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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..?
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Shijith

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Shijith (Expert)
01 September 2015 ppf INCOME IS NOT A BUSINESS INCOME SEC 44AD APLICABLE FOR BUSINESS INCOME
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