Ppf interest

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Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2013 interest on ppf is exempt under which section

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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17 July 2013 Exempted u/s 10(11)

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2013 it is exempt uder section 10

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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17 July 2013 IT IS EXEMPTED UNDER SEC 10(11).

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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17 July 2013 Dear Tushar please check section 10(11) of the Income Tax Act 1961.

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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17 July 2013 It is exempted u/s.10(11)

refer the Notification : No. SO 2430, dated 2-7-1968 also

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Ganeshbabu K

Ganeshbabu K (Expert)
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17 July 2013 1)Applicable section is 10(11).

2)Any PPF interest received is fully exempt under sec.10(11)

3)Extract of Section 10(11)for your reference..

"from any other provident fund set up by the Central Government and notified by it in this behalf in the Official Gazette"

Above words was Inserted by the Finance Act, 1968, w.e.f. 1-4-1969

So any amount received from Public providend fund scheme 1968 also covered in the section 10(11)

4)Investment is also exempt from 80C

Thanks & regards
Ganesh babu k