GENERAL PROVIDENT FUND WITHDRAWL
This query is : Open
31 August 2020
a state government employee who has completed more than 10 years of service and left 10 years of his retirement, withdraw GPF form his account for the purpose of a daughter's marriage.
Is he liable to pay tax under Income Tax? If yes in which section tax implement? If no exemption in which section?
please elaborate
Is he liable to pay tax under Income Tax? If yes in which section tax implement? If no exemption in which section?
please elaborate
31 August 2020
TDS & Income Tax is not applicable on PF withdrawal after 5 years. THESE INCOME ARE EXEMPT FROM INCOME TAX.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Transfer of MF
- Two pancard
- Query Regarding Income Tax Rate on Gain from Transfer of Partnership Stake (LLP Partner)
- Regarding E-invoice Generation
- Forgot to update debit note in gst
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Can we claim ITC in 28%
- GST APPLICATION
- Wrongly goods delivered to other state
- CA Final exam Form
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
