An ex-employee continues to remains the member of Recognized Provident Fund gets credit of interest on the accumulated balace in the fund. he is no more in employement with any employer .The point for reply is as follows:
1) Whether provident fund authority requires to deduct the tax on accrued interest ?
2) Whether the ex-employee is liable to include interest income along with other income in his return ? If Yes;Whether such interest will be chargeable under the head "income from salary" or "income from other source" ?
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