Should i include epf withdrwal amount after 5 years in itr

Prasad (Sr Finance Executive) (53 Points)

28 June 2016  

Hi All,

One of my fried has withdrawn his EPF when he left his job last year. He has worked more than 5 years with the previsous company.  The PF amount is available in form 26AS.

Question 1 : Should he declare his PF withdrawal in ITR.

Question 2 : There is no provision in ITR1.  Which ITR he need to use and in which section of ITR has to update this exemption as he dont have to pay taxes on EPF withdrawal.

 

Appreciate your expert advice.

Regards,

Prasad