SALARY
This query is : Resolved
prabhakar BURNING FIRE
(Querist)
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?
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
(Expert)
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
(Expert)
19 April 2010
agree
prabhakar BURNING FIRE
(Querist)
21 April 2010
THANK YOU SIR
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- GST on Renting godown to KFCSC for Storage of Raagi
- GST Audit whether Govt Companies are exempt?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- 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
