Taxability of amt withdrawn from EPF and interest on the sam
This query is : Resolved
24 September 2009
Since I withdrew the amount invested in EPF and got it credited in the current year, will the interest and the principal be fully taxed? (invested for 2 years)
chetan soni
(Expert)
25 September 2009
there is no such provision for lockin period. This is loophole in the income tax act. This will taxfree as per sec 10(11) & (12).
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