banner_ad

withdrawal from recognised provident fund account before 5 years

Others 481 views 6 replies
The amount is withdrawn before completion of 5 years. The employers share of amount deposited in pf account that is taxable should be shown in itr under section 17(1) or profit in lieu of salary
Replies (6)
under 17(1)

And if the PF contribution amount was used under Sec 80C benefit for the 4 years, then the same should reflect in ITR2.

ITR -> Schedule OS, Section 2

https://economictimes.indiatimes.com/wealth/tax/new-itr-forms-ask-for-year-wise-pf-contribution-details-in-case-of-taxable-withdrawal/articleshow/65715645.cms?from=mdr

 

if benefit under 80C claimed then the individual needs to file itr2 even if he is eligible for itr1??
withdrawal includes both employer employee contribution alongwith interest credited. Entire amount to be shown under 17(1). TDS is also deducted under 192. Can file ITR1
good clarification and information
Thank u so much


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details