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References in periodicals archive ?
"There was an intention of the government to see that the third leg of the Exempt-Exempt-Exempt benefit also should go to target group.
It is for this reason that for many long-term savings products, the government had followed an Exempt-Exempt-Exempt (EEE) regime, which meant there were tax exemptions at every stage: entry into the product, dividends, interest and returns during the phase of investment and finally on the returns one garners at the time of exit or sale of the investments.
The EPF has an EEE (exempt-exempt-exempt) status and hence the maturity amount is tax free.
The Bill is also likely to propose to continue with exempt-exempt-exempt (EEE) method of taxation on investments up to Rs three lakh.
"It is now proposed to continue with the EEE (exempt-exempt-exempt) method of taxation which in other words means that government provident fund, public provident fund, recognised provident funds and the pension scheme administered by the pension fund regulatory development authority (PFRDA)" will not be taxed, the new provision states.