Menu
Receipt of Provident Fund
What will be the tax treatment of amount of provident fund received after retirement? How to disclose the same in income tax return?Plz guide.
Replies (5)
Quick Summary
tax-on-provident-fund
pf-balance-withdrawal-incometax
Thank you sir for your reply. I read the article. Just to confirm so assessee is not require to disclose amount of PF received after retirement anywhere in IT return. Am I right sir? Plz guide.
Better to disclose in Schedule 'Exempt Income'...
Thank you sir for the reply. Kindly guide PF amount received from EPFO will be considered under section Section 10(11) for Statutory Provident Fund or Section 10(12) for Recognized Provident Fund.?
It would be exempt u/s 10(11) of the Act.
Recent Topics :
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
Related Topics :
CAclubindia
