PPF AND EPF - EXEMPTED INTEREST MUST HAVE RESTRICTIONS TO IMPOSE TAX ON HNI’s.

PPF AND EPF - EXEMPTED INTEREST MUST HAVE RESTRICTIONS TO IMPOSE TAX ON HNI’s. https://www.taxtmi.com/article/detailed?id=5704 The article contends that unrestricted exemption of PPF and EPF interest enables substantial untaxed unearned income for High Net worth Individuals and proposes administrative limits: either exempt combined PPF and EPF interest only up to a specified annual amount per individual/HUF, with excess liable to tax collection at source, or render such interest taxable and subject to deduction at source when aggregate deposits exceed a specified deposit threshold. en-us Sat, 05 Jul 2014 10:14:31 +0530 Sat, 05 Jul 2014 10:14:31 +0530 TaxTMI RSS Generator PPF AND EPF - EXEMPTED INTEREST MUST HAVE RESTRICTIONS TO IMPOSE TAX ON HNI’s. https://www.taxtmi.com/article/detailed?id=5704 The article contends that unrestricted exemption of PPF and EPF interest enables substantial untaxed unearned income for High Net worth Individuals and proposes administrative limits: either exempt combined PPF and EPF interest only up to a specified annual amount per individual/HUF, with excess liable to tax collection at source, or render such interest taxable and subject to deduction at source when aggregate deposits exceed a specified deposit threshold. Articles Income Tax Sat, 05 Jul 2014 10:14:31 +0530 https://www.taxtmi.com/article/detailed?id=5704