Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Please find attached the findings of case law, for the subject cited above. Thanks, Vidyadhar Bhat

Attached Files
File Type: pdf Interest on PF taxability case law.pdf (161.9 KB, 141 views)

Dear All,
As per the case law, If member has not withdrawn the PF amount on cessation / retirement , the interest earn on the Balance of PF account will be taxable.
Until the relation of the employer and employee exist, the contribution and Interest exempt on PF for income tax.
Member will be required to show this income in his return every year and pay the tax.
Vidyadhar Bhat

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™