INTEREST RECEIVED ON PROVIDENT FUND CONTRIBUTION
This query is : Resolved
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15 September 2022
SIR WE HAVE RECEIVED INTEREST ON EMPLOYEES CONTRIBUTION AND EMPLOYERS CONTRIBUTION ON WITHDRAWAL FROM PROVIDENT FUND ACCOUNT, WHICH IS EXEMPTED UNDER WHICH SECTION ? TERM OF SERVICE IS 6 YRS
CA R SEETHARAMAN
(Expert)
15 September 2022
Section 10(11) and 10(12) of the Income Tax Act provides an exemption for the contribution made to provident fund and the interest thereon.
15 September 2022
SIR WE HAVE MADE WITHDRAWAL AND RECEIVED INTEREST ON WITHDRAWAL
CA R SEETHARAMAN
(Expert)
15 September 2022
Such withdrawal exempt....
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