DINESH KUMAR NAGAR (CA-FINAL STUDENT) (72 Points)
23 December 2011
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 .
CAclubindia
