Income from pf
This query is : Resolved
06 December 2015
A person withdraws his PF in the beginning of financial year. (PF amount is more than 30000 & he has not completed 5 years) HE claims NO TDS deduction by submitting Form 15G & PAN Card copy.
Later in the year he starts professional services and fortunately he makes money. At the end of the Financial year does he need to add his PF amount to his total income to calculate Tax.
Later in the year he starts professional services and fortunately he makes money. At the end of the Financial year does he need to add his PF amount to his total income to calculate Tax.
07 December 2015
PF withdrawal is not included in calculation of Income.
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