HI, I closed n got the pf money in Feb 2016 after deducting TDS @ 10% (less than 5yrs service). I need to know the treatment for the same in ITR. I had worked till September. So treatment of PF claim under 80C this year and the pf settlement money in iTR under which head. I also need to know if i have to revise my previous 4 yrs ITR? I assume i'll be taxed based on my slab this year on my PF settlement. Pls help.
its taxable, employer contri goes to salary, your contri + interest goes to Income from other sources, technicall you need to revise but its not possible and long process
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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