kindly tel me whether the amount received by legal hier on a maturity of PPF A\C is taxable in the hands of legal hier????
Menu
Amount received by legal hier
Replies (4)
Duration at Death Benefit Payable to nominee/legal heir ... the fund by opening an PPF a/c in a post office, any branch of State Bank of .... If one goes for income funds, the dividends received would be taxed as per ... And the maturity amount, if you survive the full term of the policy, is Exempt from tax
Not taxable as per PF&M.P. act 1952 nothing can be charged on amount due on PPF a/c due to heirs . and not chargeable to tax as per I-T Act 1961
| Originally posted by : Paras | ||
 |
Not taxable as per PF&M.P. act 1952 nothing can be charged on amount due on PPF a/c due to heirs . and not chargeable to tax as per I-T Act 1961 |
 |
PPF follows the rule of EEE concept. Lumpsum maturity received is exempt u/s 10(11)
Recent Topics :
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
Related Topics :
CAclubindia
