05 October 2008
i want to know exactly that can public provident fund account balance be attached with the income tax department recovery ? hope 2 c the reply soon
06 October 2008
A PPF account is your own property. No one can touch it, not even an attachment. Even the income tax authorities can’t touch your account to realize unpaid taxes.
07 October 2008
yes yes.....thats your earnings ya....over a period you accumulated....and also all the amounts were exempted or considered every time....so same thing cant be claimed by IT....its lik socal security for u n to your family....
CAclubindia
