Pf commission
This query is : Resolved
SUBRAMANAIN
(Querist)
29 July 2016
My colleague was paid from Regional Provident Commission some amount in the last financial year.I would like to know whether we have to include this in his income during filing returns. The amount was shown paid under section 194A
Amol S Joglekar
(Expert)
29 July 2016
just confirm if TDS is done from this payment?
SUBRAMANAIN
(Querist)
29 July 2016
No TDS was done for the amount which was above Rs.1 lac
Amol S Joglekar
(Expert)
29 July 2016
As an indicator, you can assume that since TDS is not done, the sum is NOT taxable....
SUBRAMANAIN
(Querist)
29 July 2016
Okay Thanks it can be seen in 26AS as credit without TDS
Amol S Joglekar
(Expert)
29 July 2016
yes.....so you can go ahead.
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