Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Taxability of PF withdrawn at the time of leaving service.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Taxability of PF withdrawn at the time of leaving service.
Query (Issue) Started By: - Shrikant Shirodkar Dated:- 15-5-2011 Last Reply Date:- 17-5-2011 Income Tax
Got 2 Replies
Income Tax

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... >I have been in service of a Company for last one and a half year. Company has its own trust for handling PF; it is not deposited with PF office. I am leaving the service now. What portion of the PF .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... will get taxed when I withdraw the same. Additonal Information:- I am not going to be in employment from now on and this is my last job. Reply By R K Rajwanshi: The Reply: if trust is recognised .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... by the EPFO than it can be exempted for you. Reply By GOPALJI AGRAWAL: The Reply: If withdrawals are made before five years of contribution, then barring few exceptional cirumstances (which does not .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... seem in your case), the withdrawal is taxable.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates