Is it true that PPF may also be taxed?Some members who are very much aware of the trends in investment vehicles may please answer this question. There is a rumor in some circles that the Government is now thinking of taxing PPF, the only superb scheme, which is not taxed at any stage, till now.
Some Chartered Accountants are advising people to switch over to the ELSS vehicles only because in the post-election scenario, in 2019, there is going to be an announcement that PPF will also be taxed at the time of withdrawal after 15 years.
Is there any move in this regard? I do not read any financial investment magazine. Nor am I updated on such matters. Is this only a rumor or is there is some move from the Government?