Taxability of Interest on various funds where income is exempt

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..... nds Act, 1925 (19 of 1925) applies or from any other provident fund set up by the Central Government and notified by it in this behalf in the Official Gazette. Similarly, Clause (12) of this section provides for exemption with respect to the accumulated balance due and becoming payable to an employee participating in a recognised provident fund, to the extent provided in rule 8 of Part A of the Fo .....

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..... fund, on or after 1st April, 2021, computed in such manner as may be prescribed. These amendments will take effect from 1st April, 2022 and shall apply to the assessment year 2022-23 and subsequent assessment years. [Clause 5] Full Text : Budget 2021-22 + FINANCE Bill, 2021 - FAQ - Frequently Asked Questions, TMI Short Notes , Experts comment, opinion Tax Management Indi .....

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