Interest on PPF

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39 Points Posted on 07 July 2020
Is interest on ppf compulsory to show in itr.
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On 07 July 2020 at 21:41 Report
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This discussion clarifies whether interest earned on your Public Provident Fund (PPF) must be declared in your Income Tax Return (ITR). While PPF interest is tax-exempt, meaning it doesn't incur any tax liability, it is still considered a mandatory disclosure. Failing to declare exempt incomes, including PPF interest, could potentially lead to issues, even without a tax impact.

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721 Points Posted on 07 July 2020
All incomes including exempt incomes are to be disclosed. and ppf interest is exempt.

although no tax impact, one can be faulted for non disclosure
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On 07 July 2020 at 22:05
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audit manager
42 Points Posted on 08 July 2020
Yes it has to be shown in ITR
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On 08 July 2020 at 15:27

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