Archived; click post to view. Excerpt: An Indian resident becoming non resident has one common query. What happens to Public Provident Fund account subscription. Is it allowed ? Can he repatriate proceeds from PPF account ? Can he avail of the facilities to exend the PPF account after 15 years ? Similar question has been [...]

The game between EET vs EEE ends with government shelving plan to introduce Exempt Exempt Tax plans on PPF or GPF which was proposed under first draft of Direct Tax Code.

It was proposed under first draft of Direct Tax Code that in case of following kinds of investments , the tax will be imposed at the time of withdrawal of sums from such investments