In case of contribution of VPF above 2.5 lakh after april 2021, only interest or interest plus matur

This query is : Resolved

anurag (Querist)
Follow

21 August 2021 In case of contribution of VPF above 2.5 lakh after april 2021, only interest or interest plus maturity is taxable:
1. Whether only interest earned over the contribution above 2.5 lakh is taxable or
2. Alongwith interest maturity will also be taxable

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

21 August 2021 1 Only interest earned on contribution above 2.50 lacs is taxable. Such interest and such contribution will be cumulated and interest earned yearly is taxable.
2 Maturity it will not be taxable.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok