21 Novembre 2024
We Closed My 2006 PPF Membership when you look at the SBI. Can i Discover an alternative One out of ICICI Lender?
Sir, I happened to be having PPF membership in the SBI were only available in 2006. Due to specific requisite, We closed the account and you may withdrew the whole matter during the . Should i begin yet another PPF account? If yes, must i discover it from inside the ICICI Lender?
Ans: Thank you for the in depth inquiry. Let’s address each of your questions action-by-action in order to generate an informed decision about your PPF account.
1. Tax Ramifications off PPF Attract Taxation Exception to this rule Reputation Societal Provident Loans (PPF) is one of the most income tax-successful capital selection in the India. The interest accrued on PPF is very income tax-totally free around Part 10(11) of Income tax Operate, 1961.
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