PF WITHDRAWAL TAXABLE OR NOT IN BELOW CASE
This query is : Open
Quick Summary
25 August 2020
One of my client worked in vodafone for 4 years 8 months then he joined HDFC bank.
he did not transfered his PF balance in new account of PF with HDFC
2 years after joining HDFC he withdrew whole PF balance with old employer.
10% TDS is deducted on the same.
is the same taxable?
can we consider it as withdrawal after 5 years and exempt it?
he did not transfered his PF balance in new account of PF with HDFC
2 years after joining HDFC he withdrew whole PF balance with old employer.
10% TDS is deducted on the same.
is the same taxable?
can we consider it as withdrawal after 5 years and exempt it?
25 August 2020
Yes, it's taxable as 5 years service not completed in Vodafone.
Message likes :
1 times
31 August 2020
You can claim TDS Refund by filling ITR
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Short Term Gain Reporting ITR
- GST ISD Query on various AMCs
- TDS refund Indemnity Bond
- Computation of Dividend
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
