I have a problem for superannuation fund
As per sec 10(13) it is exempt subject to some condition laid down in fourth schedule part B one of the condition specified that it must be withdrawal at specified age to take the benefit of sec 10(13)
a) What is the meaning of specified age?
b) whether TDS is to be deducted if withdrawal before specified age?
Thanks,
Lovenish Bansal
I my opinion the specified age is on attainment of 58 Years and the withdrawal will not attract TDS since it is a 100% contribution from employer on which FBT is paid by the employer
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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