public provident fund
This query is : Open
05 October 2008
i want to know exactly that can public provident fund account balance be attached with the income tax department recovery ?
hope 2 c the reply soon
hope 2 c the reply soon
S.Srinivasaraghavan
(Expert)
06 October 2008
A PPF account is your own property. No one can touch it, not even an attachment. Even the income tax authorities can’t touch your account to realize unpaid taxes.
CA Bosu babu
(Expert)
07 October 2008
yes yes.....thats your earnings ya....over a period you accumulated....and also all the amounts were exempted or considered every time....so same thing cant be claimed by IT....its lik socal security for u n to your family....
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