I have a client who has moved to US after 10years of service in India. He wants to withdraw his PF. What is the tax implication on the mentioned situation.
naresh kejriwal (9 Points)
11 November 2021I have a client who has moved to US after 10years of service in India. He wants to withdraw his PF. What is the tax implication on the mentioned situation.
Sounik Mukherjee
(Area Manager (Taxation))
(101 Points)
Replied 11 November 2021
If he withdraws from EPF account after working for 5 continuous years, then such withdrawal is exempted from tax
CAclubindia
