Here PPF account is that individual open with Bank for Personal provident fund. This is not EPF account.
Mostly ITR1 form ask for all active account in last finanacial year and that is mostly Saving or Current. This is my understanding.
Now if there is PPF account and interest earned on that, required to mention as exempted income as report only purpose.
In that section of all bank accounts active in last financial year, do I need to mention PPF account ? If yes, What type of account ? If we mention saving or current account it may consider for refund and may cause issue.
Is there any suggestion or inpuit on this ?
CAclubindia
