MANI KUMAR VEDULA (Operations Head) (49 Points)
11 June 2010Hi,
is the PPF amount received at the time of death of assessee taxable ? if it is taxable under which head it is taxable and whom it is taxable ?
RITESH KOTHARI
(B.COM, FCA, DISA(ICAI))
(778 Points)
Replied 11 June 2010
No it will not be taxable.
vijay
(.)
(212 Points)
Replied 11 June 2010
Dear the amount recieved on death from PPF shall be exempt.
Anil Singh kushwah
(JOB)
(80 Points)
Replied 12 June 2010
Interest on PPF & Amount Received on maturity is fully Exempt
chetan Loknathka
(student)
(102 Points)
Replied 12 June 2010
PPF Amount Received on maturity is fully Exempt but interest on is not exempted
ishwardas
(student)
(27 Points)
Replied 31 August 2010
Sir, I and my wife both are employee & both have PPF A/C. I want to know that, If my wife deposite Rs.70000/- in my ppf A/C ONLY FOR THIS YEAR, can she get tax exempt ONLY FOR THIS YEAR.
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 31 August 2010
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