I have received PF accumulated amount of say Rs. 40 L. after retirement on 31/5/17. Where should I declare it as income in return form?
It is fully exempt from I tax. How to show & claim it's exemption?
Which kind of PF u received:-
1. Statutory
2. Superannuation
3. Public
4. Unrecognised
5. Recognised?
If u received any PF among above four, it is exempted from Income Tax but if you received Recognised PF then it will be taxable.
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