Pf withdrawal from pf Account Reflected in As under Sec 192A in 26AS,,
Then where it will be chargeble
PF amount withdrawn before 5 years completion is taxable and must be reported in ITR.
PF amount withdrawn after completion of 5 years is not taxable but should be reported in ITR in Other Income of ITR1 or Schedule EI of ITR2.
When PF is withdrawn, there are two credits flowing to the bank account.
1) Credit entry of the PF withdrawal
2) Credit for the EPS Pension contribution withdrawal.
From where will such breakup be available for employer contribution + interest on that contribution to be taxable and remaining not to be taxable.??
What about the 2nd credit entry? Is that fully taxable? What are rules on the second entry of EPS pension contribution withdrawal?
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
Mugdha Art Studio
Hyderabad
CA
SR BAGAI & Co.
New Delhi
CA Inter
MANUJ SHARMA AND COMPANY
Noida
Kothari Jain Patil & Chartered Accountants
Pune
RBSM Corporate Advisors Private Limited
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
Twenty Point Nine Five Ventures Private Limited
Hema Yashwanth & Associates
Chennai
B.Com
India's largest network for finance professionals
Alternatively, you can log in using: