Hello Sir,Pls advise where to show partial withdraw of PPF amount in ITR. Rgds Rakesh

Ans: The good news is that partial withdrawals from your PPF account are exempt from income tax in India. This is because PPF falls under the Exempt-Exempt-Exempt (EEE) category, meaning contributions, interest earned, and maturity amount are all tax-free.

Therefore, you don't need to specifically show the partial withdrawal amount anywhere in your Income Tax Return (ITR) form.

Here's a breakdown of the tax treatment for PPF:

Exempt on Contribution: The amount you deposit into your PPF account every year is deductible under Section 80C of the Income Tax Act, 1961.
Exempt on Interest: The interest you earn on your PPF balance is not taxed.
Exempt on Maturity/Withdrawal: The maturity amount or any partial withdrawals from your PPF account are tax-free.
However, it's still a good idea to keep records of your PPF transactions, including any partial withdrawals. This can be helpful in case the Income Tax Department asks for clarification during tax assessment. You can maintain these records physically or electronically.