How to handle retirement benefits hold in cash at this time?
This query is : Resolved
15 November 2016
halo,
I have withdrawn the retirement benefits in cash to invest in other, at this current situation i was tumbled what to do?
If I pay it again to my a/c will it attract penalty and other procedures? Any professional pls help me...Thanks in advance...
I have withdrawn the retirement benefits in cash to invest in other, at this current situation i was tumbled what to do?
If I pay it again to my a/c will it attract penalty and other procedures? Any professional pls help me...Thanks in advance...
CA R SEETHARAMAN
(Expert)
15 November 2016
If you are able prove to IT authorities from the bank statement that you have withdrawn cash from retirement benefits deposited, you will not face any problem, deposit the amount in to the bank.
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