14 June 2015
An employee of company has withdrew superannuation fund before retirement.and the company in which he is working has deducted TDs on that amount. Whether it will be taxable in the hand of employee ? And if yes under which section?
14 June 2015
PAYMENT FROM APPROVED SUPERANNUATION FUND (Sec.10(13)): Payment from an Approved Superannuation Fund will be exempt provided the payment is made in the circumstances specified in the section viz. death, retirement and incapacitation.
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