[Resolved] (Pearls) PACL India Ltd. , — is tax rebate on Deposited amount or maturity amount against Agriculture Land
company have about 200 offices in all over india as customer service centre, in name of PACL India Ltd, Group name (PEARLS).
company have deposit plans against provide agriculture land on one time payment plan ie.e. (Cash Down Payment Plan CDPP) or Installment payment plan (IPP )for 6-10 years. the amount return back as per term year.
could you let us know that the deposit amount or matureity amount are tax exempted or not .if yes then which act.?
company return back us as
CDPP Maturity IPP Maturity
10,000/- for 6 years 20600/- Rs.10000/- yearly x 6 years =60000/- Rs. 92000/- apprx
thanks & regards,
Sunil Kumar - [protected]
Complaint marked as Resolved Aug 14, 2020