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ITR A.Y. 2023-24

sanjay sharma (Manager Accounts) (92 Points)

26 July 2023

Status NRI An amount Received from PF withdrawal Rs. 352413 and Interest from Saving bank .
Query is 1. ITR form ?
2. How to show 352413
And have TCS credited on transactions on foreign currency.
Pls advice

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3 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160442 Points)
Replied 26 July 2023

File ITR 2.

Whether TDS been deducted on PF withdrawal?

sanjay sharma (Manager Accounts) (92 Points)
Replied 26 July 2023

Rs. 170513 is showing in 26As and another Rest amount taken from bank Statements

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160442 Points)
Replied 26 July 2023

If TDS has not been deducted on PF withdrawal, in such case the withdrawal would have been after 5 years of continuous services. In that case it will be tax free; but do verify it from the client.

You can claim TCS deducted as refund after adjustment of any tax liability.