tag:blogger.com,1999:blog-2004257931445490362.post2281038608783815629..comments2024-03-26T15:10:46.095+05:30Comments on SIMPLE TAX INDIA: PPF (PUBLIC PROVIDENT FUND) ACCOUNT EXTENSION AFTER 15 YEARS RAJ KUMARIhttp://www.blogger.com/profile/12854260124513086419noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-2004257931445490362.post-33123816013886664662019-05-17T14:37:14.539+05:302019-05-17T14:37:14.539+05:30How is the maturity date calculated after two exte...How is the maturity date calculated after two extensions of the PPF account<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-38622187355158818632015-07-24T17:54:19.260+05:302015-07-24T17:54:19.260+05:30I have ppf account but do not have the account num...I have ppf account but do not have the account number. The company I worked for went out of business. How do I get the ppf account number? I do not have any information on which bank was ppf account at.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-85136785159710259172015-06-25T17:06:36.728+05:302015-06-25T17:06:36.728+05:30If i will open an account on 01.04.2016 , then whi...If i will open an account on 01.04.2016 , then which will the exert maturity date ? Anonymoushttps://www.blogger.com/profile/03062503160686395075noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-12656676487035772452015-05-23T13:37:33.626+05:302015-05-23T13:37:33.626+05:30Fifteen years period started on 01.04.2002 and end...Fifteen years period started on 01.04.2002 and ends on 31.03.2017.So your PPF maturity date is 31.03.2017 .<br />Accordingly you may apply on form H between 01.04.17 to 31.03.2018RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-72011955269716523112015-05-23T13:27:07.092+05:302015-05-23T13:27:07.092+05:30I have paid 1st subscription on 02-02-2002 what is...I have paid 1st subscription on 02-02-2002 what is the maturity date. I want to extend my PPF account with subscription. when should I file Form H for extension PPF account FIVE (5) years. NAGESHnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-15312138876304157692013-09-12T06:33:27.304+05:302013-09-12T06:33:27.304+05:30Yes , you can take outstanding amount as capital i...Yes , you can take outstanding amount as capital in Income tax return ,however as per income tax return only business assets are required to be shown ,so our advice is no need to show personal assets in income tax return .<br />Further you can still remit amount in your son's PPF account.<br />RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-5227706045425876892013-04-10T20:38:28.773+05:302013-04-10T20:38:28.773+05:30I have my HUF since 1992 when I got married,compri...I have my HUF since 1992 when I got married,comprising of me / spouse /only one son, it is derived from my father's HUF. My son was born in July 1996, and from July 1998 I have been contributing the maximum limits under PPF in his PPF account from my above mentioned HUF. I have extended the above PPF for a block of 5 years from today 05-4-2013. Next year in July 2014 my son will become a Anonymoushttps://www.blogger.com/profile/08023351395754493808noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-55042147965449887442013-03-15T11:35:57.639+05:302013-03-15T11:35:57.639+05:30Yes , as per rule 500 minimum subscription is requ...Yes , as per rule 500 minimum subscription is required to be made in whole financial year .so you should deposit at least 500.RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-51386484086185934752013-03-15T11:20:57.540+05:302013-03-15T11:20:57.540+05:30Sir, I want clarification on maturity of PPF from ...Sir, I want clarification on maturity of PPF from your example. The account was opened on 20.8.2000 and till 31.03.2015, 15 contributions have already been paid (including the first when it was opened on 20.8.2000). Whether any contibution is required in 2015-16 which will be 16th contribution.<br /><br />Kindly clarify.<br /><br />Regards.<br /><br />S. KapoorAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-2284861409160802472013-03-14T13:42:29.642+05:302013-03-14T13:42:29.642+05:30For NRI no extension can be granted as per directi...For NRI no extension can be granted as per direction of RBI , so if you withdraw money after 01.04.17 after completion of PPF , and the above said rule is in the knowledge of Banker/postmaster then no interest will be paid to you after cut off date(01.04.17) so why to take risk.<br /><br />However, In case of PPF account of resident Indian, if account is not extended with subscription through RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-54019357918684189152013-03-14T12:12:01.968+05:302013-03-14T12:12:01.968+05:30Is there a time period within which we can apply f...Is there a time period within which we can apply for redemption<br />or just one day after maturity. Why I am asking this question because I heard that some people were informed by bank because they did not come for withdrawal and so their account is automatically extended and they were not given their funds for 5 years. Pls clarify.<br />P.Shakunnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-48463528102480823842013-03-13T00:57:12.376+05:302013-03-13T00:57:12.376+05:30You should apply on completion of 15 year i.e on 0...You should apply on completion of 15 year i.e on 01.04.2017.RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-75751432497376522802013-03-12T18:06:45.520+05:302013-03-12T18:06:45.520+05:30Thanks Raja. For redemption of PPF a/c, when we ha...Thanks Raja. For redemption of PPF a/c, when we have to apply? Is there a time period in which we can apply. Does it get automatically extended if we do not apply for redemption.P.Shakunnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-78602955450163011162013-03-11T12:02:02.649+05:302013-03-11T12:02:02.649+05:30Thank you, Sir !Thank you, Sir !Saroj Kumar Agrawalnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-87848813495177998412013-03-11T09:25:09.887+05:302013-03-11T09:25:09.887+05:30Yes , she can continue contribution till maturity ...Yes , she can continue contribution till maturity but account can not be extended.<br /><br />There will no issue at the time of redemption ,further the maturity amount may be credited in NRE /NRO account of your daughter RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-73920955792100049582013-03-11T08:48:08.678+05:302013-03-11T08:48:08.678+05:30My daughter has PPF account with SBI but she is no...My daughter has PPF account with SBI but she is now married and lives in UK. However, she has an OIC card (Overseas Indian Citizen). Can she continue with her PPF account as it will another 4 years to mature. There will not be any issue at the time of redemption. Pls adviseP.Shakunnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-79234681113645991452013-03-09T12:26:56.444+05:302013-03-09T12:26:56.444+05:30According to Rule 9(3A) and (3B) the subscriber ca...According to Rule 9(3A) and (3B) the subscriber can continue to make deposits after the maturity of an account for one or more further blocks of 5 years without any loss of benefit. For this purpose, he will give his option in writing to the Accounts Office in Form H within one year from the date of maturity of the account. If the subscriber fails to give his option to continue the account RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-69843819895392272962013-03-08T18:07:37.634+05:302013-03-08T18:07:37.634+05:30I have downloaded a copy of Public Provident Fund ...I have downloaded a copy of Public Provident Fund Scheme (PPF), 1968 updated till 25.11.2011 Sec 9(3A) reads:<br /><br />(3A) Continuation of account with deposits after maturity :- Subject to the provisions of sub-paragraph (3) a subscriber may, on the expiry of 15 years from the end of the year in which the initial subscription was made but before the expiry of one year thereafter, may Saroj Kumar Agrawalnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-67973490109797650692013-03-08T11:31:39.118+05:302013-03-08T11:31:39.118+05:30wow Great Info...
I Have shared This Info Here:-
...wow Great Info...<br /><br />I Have shared This Info Here:-<br /><br />http://www.caclubindia.com/forum/actual-rule-of-ppf-account--242128.asp#.UTl-X9b-GxAAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-60018106891507741622013-03-08T10:23:46.356+05:302013-03-08T10:23:46.356+05:30In your case Prevailing rate of Interest as applic...In your case Prevailing rate of Interest as applicable in PPF accounts is applicable .Post master have not told you the correct rule.<br /><br />Relevant rule reproduced here under<br />(3) Closure of account or continuation of account without deposits after maturity:- Notwithstanding the provisions of sub-paragraph (1), any time after the expiry of 15 years from the end of the year in which the RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-63826247547327137552013-03-08T10:12:57.299+05:302013-03-08T10:12:57.299+05:30What is the rate of interest applicable on balance...What is the rate of interest applicable on balance when P P F is extended without contribution after completion of 15 years? will it be prevailing rate of interest for P P F? The post master where I hold my accunt says it will be at rate prescribed for saving bank. RAMAKANT DESAIhttps://www.blogger.com/profile/05786731867584740694noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-68714468402550492922013-03-08T09:52:21.929+05:302013-03-08T09:52:21.929+05:30Thanks for updating us.Thanks for updating us.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-36455870296958482792013-03-08T08:25:14.795+05:302013-03-08T08:25:14.795+05:30its really amazing to know actual rule. unbelievab...its really amazing to know actual rule. unbelievable Anonymousnoreply@blogger.com