Business Studies, asked by vishalmaity0, 9 months ago

state the characteristics of public provident fund account

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Answered by technical100mi

Answer:

The account holder has an option to extend the PPF account for any period in a block of 5 years on each time. ... Deposits in PPF qualify for rebate under section 80-C of Income Tax Act. The interest on deposits is totally tax free. Deposits are exempt from wealth tax

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