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Can Income Tax Dept Attached PPF A/c for its Recovery?

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U/s 9, Protection against attachment.- The amount standing to the credit of any subscriber in the Fund shall not be liable to attachment under any decree or order of any court in respect of any debt or liability incurred by the subscriber.But I have heard that Income Tax Dept can attached and seal the PPF A/c for their recovery.Is it Treu?Please reply.
asked Feb 25, 2012 in PPF by BIPINVYAS (120 points)   1
    

 
 

 

1 Answer

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PPF account can be attached by the Income Tax and Estate Duty authorities
only. But it has immunity against attachment under a decree/order of court  of law.
answered Mar 2, 2012 by Ashok OJha (270 points)   2 3

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