TAX ON PROVIDEND FUND
This query is : Resolved
09 February 2010
HI, MY QUESTION IS THAT WHEN PF TAXABLE AT WHAT TIME DURING MATURITY OR IF SOME ONE BREACK BEFORE MATURITY PIL ADVISE SITUABLY WITH THE PROVISION OF TAXATION.
11 February 2010
Only PF received from Unrecognised Provident Fund will be taxable.
All other PFs(RPF, SPF & PPF) amount will be exempt when that is receiving to the assessee.
Notes:
a) If amount getting from SPF before 5 years then it will be taxable.
b) Locking period in PPF is 15 years, therefore you cannot receive any amount before that period.
Please check INCOME FROM SALARIES for PF information purpose.
Sec 10(12) is applicable for PPF and sec 17(3) is for URPF.
regards!!!
All other PFs(RPF, SPF & PPF) amount will be exempt when that is receiving to the assessee.
Notes:
a) If amount getting from SPF before 5 years then it will be taxable.
b) Locking period in PPF is 15 years, therefore you cannot receive any amount before that period.
Please check INCOME FROM SALARIES for PF information purpose.
Sec 10(12) is applicable for PPF and sec 17(3) is for URPF.
regards!!!
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Capital Gains on sale of residential flat
- F & O PROFIT REPORTING FOR AY 2026-27
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
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
