PPF interest entitlement clarified - HUF accounts closed after maturity but before scheme amendment may receive PPF rate interest. Interest at the PPF rate is to be paid on HUF Public Provident Fund accounts that attained maturity after restriction of new HUF accounts but were closed by subscribers before the later scheme amendment, where deposits were retained beyond maturity without further subscriptions and the accounts were not extended thereafter.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
PPF interest entitlement clarified - HUF accounts closed after maturity but before scheme amendment may receive PPF rate interest.
Interest at the PPF rate is to be paid on HUF Public Provident Fund accounts that attained maturity after restriction of new HUF accounts but were closed by subscribers before the later scheme amendment, where deposits were retained beyond maturity without further subscriptions and the accounts were not extended thereafter.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
