Taxability???

254 views 3 replies
Guys one clarification!!
My cousin he withdrawn his PF balance of Rs.3,50,000/- , in this TDS @ 10% deducted..he worked in that organisation for 4 years only...if any one contributed for less than 5 years then it would be TAXABLE in the same financial year.
MY DOUBT HERE IS ?
while filling ITR-1,
where can I show this amount? and he is having loss from House property of Rs.2,00,000 ,
Can I set off against this? And he is NRI.
Is PF withdrawn is taxable as per Income tax rate slab wise or saperate rate wise?
Replies (3)
income tax slab...and yes u can set off
first thing is itr 1 is not applicable for NRI.....

include pf under salary head

yes u can set off
Thanks Nikhil and Akhil for u r reply's

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