Interest on minor's ppf account taxable or not?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2014
Dear Sir,.
I have question that interest on minor's ppf account is it taxable to guardian or not?
I have question that interest on minor's ppf account is it taxable to guardian or not?
19 December 2014
PPF interest is NOT taxable.
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 December 2014
even if guardian has invested Rs.150000 IN PPF A/C?
19 December 2014
yes PPF interest is not taxable even if deposit amount is Rs.150000
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