Pf withdrawal

This query is : Resolved

Chandrasekhar Kandiraju (Querist)
Follow

22 June 2019 Dear sir,
PF has been refunded to me by my employer consequent on my resignation before completing 5 years of service after deducting tax at source on 25.03.2019.
In my current year's (AY 2019-20 / FY 2018-19) ITR(Schedule OS) I have to show income benefit and tax benefit year wise of previous years to which the PF components pertain. For latest 3 assessment years I am able to show the figures. I did not file ITRs for initial two years. How can I show the figures for the years not assesed. Incidentally there is no tax liability for those years as TDS was made by the employer in excess and i didn't claim any refund.
Please advise.
Thank you.
Ushakumari Y

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

22 June 2019 You can show the figures for the years not assessed and adjust any tax payable for those years against TDS already deducted. Claim 89(1) relief by filing 10E.

Chandrasekhar Kandiraju

Chandrasekhar Kandiraju (Querist)
Follow

22 June 2019 Thanks a lot sir, for clarification.
Can we submit form 10e only for the two years not assessed, or for all five years.
Please guide.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

22 June 2019 For all the five years.

Chandrasekhar Kandiraju

Chandrasekhar Kandiraju (Querist)
Follow

24 June 2019 Dear sir,
I have prepared form 10e for the previous years as advised by you. I find that the differential tax as calculated by taking all arrears in current AY is less than the sum of all that computed year wise as per Table "A". Hence no relief is available u/s 89(1).
Please therefore advise on the following issues.
(1) Do we need to submit form 10e still, even though there is no relief, to show income details of all the years?
(2) As I enter details of unclaimed TDS of FYs 2013-14 and 2014-15 in the TDS schedule, information of corresponding income whether included in the current ITR is to be furnished. Is it enough since year wise breakup of PF withdrawal are mentioned in schedule of OS.
Kindly clarify on the above doubts.
with regards.
Chandrasekhar K

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

24 June 2019 1 No need of form 10e, file the return taking it as current year income.

Chandrasekhar Kandiraju

Chandrasekhar Kandiraju (Querist)
Follow

24 June 2019 But sir, can I claim TDS unclaimed now of unassessed years.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

24 June 2019 No you can't claim it now.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Subbiah S

jagadheswar goud

KAVITA CHAUHAN

Vimlesh kumar

S Soundarya

Subscribe Now

Pf withdrawal

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA