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HUF PPF ACCOUNT
Latest PPF interest rate: Was Public Provident Fund interest rate hiked for Oct-Dec quarter?The government raised the interest rate on just one small savings scheme for the quarter ending December 31, 2023.
How to add, change nominee in PPF accountIncase you want to add your wife's name or update it with another name, you can do so by filling out the required form, signing it, and sub...
Was PPF interest rate hiked for Apr-June 2023 quarter? Latest Public Provident Fund rateFor the quarter from April to June 2023, the government has increased interest rates on a number of small savings schemes by up to 70 basis...
Was PPF interest rate hiked for the October-December 2022 quarter?The Public Provident Fund (PPF) is part of the small saving schemes' bucket of investment products. According to a circular issued by the F...
HUF can help you save substantial income tax: Here's howAn HUF is treated as a separate tax entity; it enjoys a separate basic tax exemption of Rs 2.50 lakh in addition to separate tax exemption ...
What is the latest PPF interest rate?The government has not changed the interest rates on small savings schemes like the PPF. PPF interest income is totally tax-free.
This type of PPF account cannot be extendedThe government amended rules in 2005 where it disallowed certain entities to open Public Provident Fund (PPF) accounts. Earlier, these enti...
Tax saving tool HUF may cease to exist: Law Commission proposes to abolish itOn income earned, the Hindu Undivided Family is taxed on the same slab rates applicable to an individual.
Tax queries: Can an HUF claim deduction u/s 80C for contribution made to PPF of its member?PPF account in the name of HUF is not permitted by the Finance Ministry, HUF can contribute to the PPF account of its members and claim tax...
How to withdraw investments after death of investorIn case of death during the lock-in period, the nominees in a PPF account can withdraw the amount on submission of requisite documents.
Tax queries answered by Dilip Lakhani, Senior Chartered AccountantEvery week, an expert selected by ET answers queries from our readers on taxes. This week, the queries include HUF income, etc.
- Q&A: Taxation
Vaibhav Sankla, Executive director, Adroit answered ET reader queries on taxation.
- Govt to give 8% interest on PPFs closed between May 05-Dec 10
Govt said that PPF accounts of HUFs which were closed down between May 2005 and December 7 last year would get 8 per cent interest on the d...
- Banks asked to close 15-yr old PPF a/c of HUFs
The HUFs henceforth will not be allowed keep their accounts functional for the extended period of five years after completion of 15 years.
- HUFs will have to leave PPF after 15 years
The move is aimed at checking misuse as several people were investing in PPF to earn 8% tax-free return as an individual as well as an HUF,...
- Query corner: Finance
Our PF expert helps you navigate the complex world of finance.
- Query corner: Tax
Our expert helps you Understand the Complexities of Tax In This Weekly Column. Email to etquerytax @indiatimes.com