Provident fund Withdrawal
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 May 2010
Hi
I have changed my job in May 2009 and withdraw my Provident Fund from my previous company where i have completed 4 years of service. The provident fund was managed under trust of the company. The withrwal was taxed @ 30%. If i consider the same this is substantial amount for me. Is there any way i could save my tax or get any relief.
I have received form-16 for the same.
Thanks for answer.
Regards,
Himesh
I have changed my job in May 2009 and withdraw my Provident Fund from my previous company where i have completed 4 years of service. The provident fund was managed under trust of the company. The withrwal was taxed @ 30%. If i consider the same this is substantial amount for me. Is there any way i could save my tax or get any relief.
I have received form-16 for the same.
Thanks for answer.
Regards,
Himesh
Aditya Maheshwari
(Expert)
06 May 2010
the trust must have already deducted TDS on the PF withdrawl. There is no way to get any tax relief now as form 16 has also been issued for the same.
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
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- ETDS return q4 25-26
- Royalty payments to the Mining Department for procurement of murum - GST input
- Capital gains in IT returns
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
