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Amount received on maturity of PPF

DINESH KUMAR NAGAR (CA-FINAL STUDENT) (72 Points)

27 December 2011

FRNDS I NEED YOUR HELP ON THIS ISSUE

WHETHER AMT RECD ON MATURITY OF PPF IS TAXABLE?

IF WE EXTEND THE MATURITY PERIOD FOR FURTHER, WHETHER WE CAN CLAIM RELIEF IN I.TAX

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9 Replies

Naresh Patel (C.A. Final) (144 Points)
Replied 27 December 2011

No, amt rcvd on maturity will not be taxed... And if u want to extend the mat period, then u can also avail the benefit u/s. 80c... Of amount invested and interest thereon..

CA Ketan Waghela (Partner at Elite Educare) (356 Points)
Replied 27 December 2011

Dinesh ji,

Withdrawal os PF before 5 years of continuous service is taxable.

Amount received on maturity is not taxable. Further, it can be reinvested and claimed u/s 80C.

CA PRABHAKAR JHA (ACA) (313 Points)
Replied 28 December 2011

Mr. Ketan Waghela, Mr Dinesh is talking about PPF not RPF,

Sec 10(11) exempts any payment from PPF

CA Mudit Agarwal PGDFM,MCP,IFR (Dy. Manager (Taxation)) (289 Points)
Replied 28 December 2011

Agreed with naresh and prabhakar.......

Amount received on maturity of PPF is fully exempt......Further If u extend the period , you can avail exemption u/s 80C.

And withdrawl from PPF before its maturity is not taxable at all......only u have to pay the penality to regularize your account...

1 Like

DINESH KUMAR NAGAR (CA-FINAL STUDENT) (72 Points)
Replied 28 December 2011

THANKS TO ALL FRNDS

CH.MARUTHI RAM (TAX CONSULTANT) (69 Points)
Replied 28 October 2016

sir,

one of my client need a g g copy of ppf tax exemption

Malhar Deshpande (211 Points)
Replied 17 April 2018

can one show complete maturity amount of PPF in ITR in the year of maturity. I have not shown interest every year in ITR for last 14 years next year PPF will mature. is it allowed to show all amount that is principal amount and interest in next year's itr. please help

Malhar Deshpande (211 Points)
Replied 17 April 2018

Malhar Deshpande (211 Points)
Replied 19 April 2018

Sir for last 14 yrs. I have not shown interest received on ppf. as exempt income in any ITR. My question is can I show complete maturity amount in next year's ITR. That is interest for all fifteen years. Maturity date is 31/3/2019.