Amount received on maturity of PPF

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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

Replies (9)
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..

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.

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

Sec 10(11) exempts any payment from PPF

 

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...

THANKS TO ALL FRNDS

sir,

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

 

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

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

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.

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