Hi all,
My client has withdrawn 78250 from his ppf a/c. Is such withdrawal taxable or exempt U/s 80 C. Please clarify with reasons for ur answers.
Menu
Ppf withdrawal
Replies (1)
Interest received at the year end and at maturity from PPF is exempt. Withdrawal, too, is exempt from tax.
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
