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#1
26th October 2007, 12:01 PM
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What EEE or EET or ETT in terms of taxation?
Hello
What EEE or EET or ETT? I know E for Exemption & T for Taxable I want to know what means 1st, second or third E/T. Please help to understand these terminology. Thank & Regards, GuessWho 
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#2
26th October 2007, 12:46 PM
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Re: What EEE or EET or ETT in terms of taxation?
Quote:
First E stands for Principal amount invested, which will qualify for exemption Second E stands for Interest amount on principal, which will qualify for exemption Third E stands for Withdrawn Amount either prematurely or on maturity, which will qualify for exemption. If it is T at any of the place, it will be taxed. PPF/GPF/CPF is presently EEE KVP is ETT Fixed Deposit is TTT. I don't remember any EET as of now. These all relate to exemptions pertaining to Income taxes. If you invest your income in some specified instruments you will get tax exemption.(that will be first E) If Interest earned on such investment is counted in income and taxed then it is second T (normally TDS takes care of that). if it is exempted then it is second E. If amount is withdrawn at the time of maturity/ or premature withdrawal, and it is not included in taxable income then it is third E else it is third T. Other members may clarify further and correct me if needed. pankaj 
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#5
30th October 2007, 06:48 PM
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Re: What EEE or EET or ETT in terms of taxation?
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When you withdraw, it is taxed. All other fixed deposits would be TTT. To that extent you are right magnet. pankaj
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#6
2nd November 2007, 04:20 PM
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Re: What EEE or EET or ETT in terms of taxation?
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Best Regards, -Ashish
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