Hi,
is the PPF amount received at the time of death of assessee taxable ? if it is taxable under which head it is taxable and whom it is taxable ?
Hi,
is the PPF amount received at the time of death of assessee taxable ? if it is taxable under which head it is taxable and whom it is taxable ?
No it will not be taxable.
Not taxable
Dear the amount recieved on death from PPF shall be exempt.
thank you friends....
What about interest amount ?
not taxable....interest not taxable
NOT TAXABLE
Interest on PPF & Amount Received on maturity is fully Exempt
PPF Amount Received on maturity is fully Exempt but interest on is not exempted
Sir, I and my wife both are employee & both have PPF A/C. I want to know that, If my wife deposite Rs.70000/- in my ppf A/C ONLY FOR THIS YEAR, can she get tax exempt ONLY FOR THIS YEAR.
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