Hello,
I am a salaried employee. I have purchased a second house. I know that I can withdraw amount from Employee Provident Fund for housing purpose but I am unable to find answers to the following 2 questions:-
1.) Can I withdraw money from EPF for my second house as well ?
2.) My second house is under construction. What if I withdraw money from EPF and sell this house before possession/registration. Do I need to return the money to Employee Provident Fund Organisation/Trust. Is there any tax liabilty that is involved in such a case ?
Can experts please provide answers to the above questions ?
Regards,
Salil
CAclubindia
