Menu
PF receipt for income tax
Please let me know whether PF amount received (after service period of 4 years only) shall be taxable or not.
Replies (5)
Yes, tax isn't deducted after five years of service.
but what if service period is less than 5 years
than it is taxable
less than five years it is taxable
TDS on withdrawal from Provident Fund Account. According to the Income Tax Act, if a person is withdrawing less than Rs. 50,000 then TDS shall not be deducted. However, if the withdrawal is more than Rs. 50,000 then it is compulsory for the assessee to furnish his PAN number
Recent Topics :
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
Related Topics :
CAclubindia
