***TRANSFER OF AMOUNT FROM SUPERANNUATION FUND TO NATIONAL PENSION SYSTEM***

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141 Points Posted on 12 November 2022
kindly confirm if the amount transferred from superannuation fund to national pension system is taxable ?
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On 12 November 2022 at 15:15 Report
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Quick Summary
This discussion clarifies the tax implications of transferring funds from a superannuation fund to the National Pension System (NPS). It confirms that the initial transfer is generally not taxable. Furthermore, it states that no deductions under Section 80CCD of the Income Tax Act are applicable for such transfers.

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SEO Sai Gr. Hosp.
212475 Points Posted on 12 November 2022

No tax liability over first time transfer.

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On 12 November 2022 at 19:04
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GST Practitioner & Accounts
15146 Points Posted on 12 November 2022

In addition to above , no deductions under section 80CCD of the income tax act  for transfer.

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On 12 November 2022 at 19:31

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