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Got notice from e compliance

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Ravi

Ca articleship

335 Points Posted on 31 March 2021

hi friends

I have received e compliance for high value transaction for PF withdrawal

it is showing in 26as as tds section for interest on securities

I have not considered in my original return due to I taught withdrawn after 5 years continues service u/s 10 (12)

now I filed revised return and shown amount in exempted income now

what I did is correct or not,

please confirm

Replies (2)

Quick Summary

A user received an e-compliance notice regarding TDS on securities for a PF withdrawal, which appeared in their 26AS. They initially believed it was exempt under Section 10(12) as it was a withdrawal after 5 years of service. After filing a revised return and declaring the amount as exempt income, they are seeking confirmation on whether this action was correct. Another user confirmed their revised filing was appropriate and the original poster inquired about the timeline for return processing confirmation.