22 July 2024
ONE OF MY NEIGHBOUR EXPIRED LAST YEAR OCT . HIS TOTAL EARNINGS IS AS BELOW:
1.SALARY INR 1.91 LACS (INCLUDING GRATUITY AROUND 1.6 LACS) 2. PF AMOUNT RECEIVED GROSS 3.3 LACS
WHILE PF WAS RECEIVED TDS AROUND 33,000/-WAS DEDUCTED.
MY QUERY IS THAT HE FILES IT RETURNS REGULARLY. IF WE FILE I.T RETURN FOR LAST FINANCIAL YEAR CAN WE GET THAT REFUND OF 33,000/- RUPEES. AND ALSO LET ME KNOW THAT IS THE PF 3.3 LACS IS TAXABLE INCOME
22 July 2024
First of all you will have to register legal heir on IT portal. Then you can file belated return for the year. Taxability of PF is based on his continuous service.