Ppv

This query is : Resolved 

28 August 2015 I RECEIVED 400000 PPF MATURITY AMOUTN,

IS IT TAXABLE AND HAVE TO SHO0W TO MY COMPUTAION IN INCOME ABOUT PPF AMOUNT

29 August 2015 Not taxable. you may show as exempt income

29 August 2015 MY SECOND QUESTIONS IS = IN BANK STATEMENT .. CREDIT AMOUTN IS 250000.. HAVE TO SHOW AS A GROSS RECEIPT IN MY INCOME.. AND CAN I PUT IT IN 8% NET PROFIT SLAB... THAT IS GROSS RECEIPT IS 250000 AND NET INCOME AS PER 8% THAT IS 20000.. IS IT RIGHT.. AND WHICH ITR FORM I HAVE TO FILL UP FOR THIS INCOME..?


01 September 2015 ppf INCOME IS NOT A BUSINESS INCOME SEC 44AD APLICABLE FOR BUSINESS INCOME



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