Dear Sir,
We have client who is in receipt of 40 Lakhs from EPF Organisation. He was working in Private company for last 21 years. Now he withdraw the amount from PF. He has also claimed deduction u/s. 80c for pf.
How can I show under which head of income.
My query is that whether he is required to Pay tax on above said amount.
Thanks
CAclubindia
