Recently I had opted VRS after 33 years service from a corporate body under Govt. of India. Our PF trust allow the employees to retain EPF accumulation with the trust for max 3 years and continue to pay interst @ same with other serving employees. I know more than Govt. approved interst is taxable. But here the case is not that.
But the trust deduct TDS on the intert credited in the accumulated EPF corpus.
Which section of I.Tax act/rule is applicable in such situation?
Few of our friends use to get that tax refunded through return depending upon their respective jurictiontion. But not all are so previlaged.
D.Chattopadhyay
dipankar_chattopadhyay @ yahoo.com
CAclubindia
