Gpf treatment
This query is : Resolved
16 November 2013
Dear All,
Pl. tell me about the tax treatment of GPF withdraw by employee(I.e. state govt.)before maturity for the purpose of his son marriage.
Whether its taxable or its interest only taxable.
Pl. tell me about the tax treatment of GPF withdraw by employee(I.e. state govt.)before maturity for the purpose of his son marriage.
Whether its taxable or its interest only taxable.
CA PARAS BAFNA
(Expert)
17 November 2013
On the withdrawals after 7 years of service no tax is payable.
.
.
17 November 2013
Thanks Paras ji to keep me update,
I have one more question in my my mind that,
If an partial amount of GPF is credited in the saving bank a/c,is it mandatory to show in his return subject to the adjustment of exemption.
Beside above what is the section mentioned under income tax about such exemption
I have one more question in my my mind that,
If an partial amount of GPF is credited in the saving bank a/c,is it mandatory to show in his return subject to the adjustment of exemption.
Beside above what is the section mentioned under income tax about such exemption
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