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prabhakar BURNING FIRE (Querist)
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18 April 2010 Contribution to unrecognised fund is disallowed in case of PGBP.

In case of salary such unrecognised fund it is taxable in the hand of employee on maturity.

ISN'T ,it is a double taxation which income tax not follow .

Is there any logical provision , or just a rule?

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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18 April 2010 payment received from Unrecognised PF only employer contribution taxable in the hands of employee under the head salary how ever the Relif u/s.89 can be claimed and interest recived on the both employer and employee contribution is taxable under the head Other sources

kartik_somu

kartik_somu (Expert)
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19 April 2010 agree

prabhakar BURNING FIRE

prabhakar BURNING FIRE (Querist)
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21 April 2010 THANK YOU SIR

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