Epf withdrawl
This query is : Resolved
23 August 2019
Dear Experts,
Suppose a person is filing his IT return for the first time and he has made a withdrawal of PF in the Previous year exceeding Rs. 50,000 /- and TDS @ 10% has been deducted at withdrawal.
Can he actually claim the amount of TDS as refund by including the EPF employer's share and both the parties interest as income and excluding the contribution made by him as he has not filed his income before and there is no way he would have claimed exemption U/S 80C?
Thank you
Suppose a person is filing his IT return for the first time and he has made a withdrawal of PF in the Previous year exceeding Rs. 50,000 /- and TDS @ 10% has been deducted at withdrawal.
Can he actually claim the amount of TDS as refund by including the EPF employer's share and both the parties interest as income and excluding the contribution made by him as he has not filed his income before and there is no way he would have claimed exemption U/S 80C?
Thank you
24 August 2019
Amount withdrawn with in five years of employment is taxable u/s 17(1). Can seek
credit of TDS by filing the return of income.
credit of TDS by filing the return of income.
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