PROVIDENT FUND WITHDRAWAL
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 January 2011
What are the income tax provisions on provident fund withdrawal & provident fund transfer?
Sunil Kr. Sanganeria
(Expert)
17 January 2011
If a person withdraw any money from Provident fund account before the expiry of five year, the exemption u/s 80C earlier will be withdrawn and a person has to pay tax in the year of withdrawl
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17 January 2011
Further to above, any transfer of PF account will be treated as continuation of PF Account & NO tax will be applicable on such transfers.
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