PIYUSH SINGH
(student)
(2471 Points)
Replied 23 December 2011
Amount received at the end of the 15th year is tax free. If you extend your A/C for another 5 years then also treatment is same.
Amount received at matutity is TAX- FREE. Go ahead open your PPF A/C.
deepak
(C.A & C.S Final)
(63 Points)
Replied 23 December 2011
PPF is 15 year scheme..Most of us has a prepception that PPF is a 15 Year investment plan .But this is a fact that it can be extended to indefinitely but subject to 5 year block at a Time .
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
