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withdrawal from recognised provident fund account before 5 years
The amount is withdrawn before completion of 5 years.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
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